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On March 17, 1998, China pledged not to devalue the yuan.
On March 17, 1998, the newly appointed prime minister of the State Council, Zhou Yi, announced “a guarantee”. He said that we must ensure that China’s economic growth rate reaches 8%, inflation rate is less than 3%, the RMB can not depreciate. Since the last year’s Asian economic crisis, the RMB has become the focus of attention. In the case of the Asian country’s currency continues to depreciate and imports decrease, to stick to the RMB is not depreciate is easy, many people are skeptical about this, especially after China suffered a hundred years of flooding, this suspicion soon became a popular rumor, and international financiers have become a signal bullet on the Hong Kong stock market. However, the nation is very confident in the RMB, there is no place to buy and buy, everyone knows that


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17WorldNews[2025.09.28-07:49] 访问:82
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