| China's currency, the yuan, was set to trade at 6.992 yuan against the U.S. dollar on April 10, 2008, breaching the 7-yuan mark for the first time since the government unpegged it from the dollar in 2005. The value of Chinese currency stayed above eight to the dollar for many years before the 2005 regime reform; it broke the 8-yuan threshold on May 15, 2006. (Xinhua) |
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