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Even with a gradual appreciation of the yuan China continues to maintain its competitive position in international trade with productivity gains offfsetting the small appreciation and a smaller increase in prices of Chinese products. This could mean the U.S. and Eurozone countries will continue to run trade deficits with China in 2012-2013.
Wall Street Journal 04/16/2012
No Appreciation for the Rising Yuan
Wall Street Journal 06/21/2011
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