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    China moves slowly on yuan convertibility

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    euronews (in English)

    by euronews (in English)

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    China continues to develop special trade zones to lure foreign investment and as part of the process of liberalising and internationalising China's currency - the yuan.

    Right now the yuan's value is kept in a tightly controlled band against the dollar, but when it becomes fully tradable it has the potential to be one of the most important currencies in the world.

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    http://www.euronews.net/