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Under the pressure, China has diplomatically improved its currency only by 2.1%. In short run, it will matter least as China will not do anything that will increase speculation on currency or increase unemployment. Any serious evaluation of its currency therefore will take longer time.

The Yuan Revaluation will have its advantages and disadvantages. Other countries especially USA will also get affected but the effect in immediate future will be small.

Concluded.

* Contributed by -
Jyoti Singh,
PGDBM 2006,
IMT, Ghaziabad.

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