FastSaying
The yuan is no longer pegged to the US dollar and will not see further official adjustment.
Ma Delun
US
Will
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The next adjustment will come in the foreign exchange market.
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If we sell large quantities of U.S. treasuries, it would cause the price to plunge. We're not going to do that.
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So there is no need to rely on administrative adjustment any more.
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I'd like to tell everyone, the next change in the (yuan exchange rate level) is happening everyday. Every hour it is going on.
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