China's yuan jumped more than 10% against euro in August

09/9/2008 | People's Daily (China)

Since August, the yuan has risen more than 10% against the euro, although it fell against the U.S. dollar for most of the past two months. China's currency made such swift gains against the euro mainly because of the economic slowdown in the eurozone, said Yang Shengkun, an analyst with China Citic Bank.

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People's Daily (China)

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