Economic quotes of the day
(China Daily) Updated: 2015-03-12 11:27
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Yi Xianrong, a researcher at the Institute of Finance and Banking of the Chinese Academy of Social Sciences. [Photo/IC] |
"The central bank didn't expect the renminbi would continue to depreciate, but it has anyway. The currency's continued weakening will cause a huge shock to the domestic real estate market and make it even worse."
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