The Wall Street Journal
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The arrival of Chinese Vice President Xi Jinping in the U.S. next week refocuses attention on the saga of the yuan-dollar exchange rate.
Financial markets are pessimistic about the outlook for yuan appreciation. Expectations for the year ahead are for 2% to 3% nominal gains against the dollar in 2012, compared with 5.1% in 2011. With China's exporters facing a tough year, and falling inflation also ...
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