Exchange rate hits a 5-year record
Strong rise of yuan could be temporary: Analysts
Beijing - China's central bank set the yuan's reference central parity rate on Friday to its highest level against the dollar since 2005's revaluation, despite growing concerns about the economic slow-down in China and the rest of the world.
But analysts said the strong rise of the yuan could be temporary because it is a result of the recent weakening of the dollar and strengthening of the euro.
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