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BEIJING (Reuters) - China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment".
State news agency Xinhua quoted an unnamed Commerce Ministry spokesman as saying the devaluation will have "limited impact" on the country`s foreign trade.
On Aug. 11, in a move that stunned markets, China devalued the yu...» read full story
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