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Live News | Time:Jan 12 2018 10:34AM
Cotton linter import may benefit from Chinese yuan's appreciation
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Chinese yuan has risen substantially on the adjustment of countercyclical factor and indirect boost of USD devaluation. Chinese yuan's appreciation has exceeded 1,000 basic points since late Dec as Chinese yuan's central parity rate against the US dollar has reached 6.4932 today. Chinese yuan's appreciation somehow boosts China's import by reducing the cost and improve the competitiveness of products.

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