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Sun, May 29, 2005 - Page 10　News List

Washington rejects third call for probe of yuan peg

SANCTIONS The Bush administration refused the latest petition to challenge China's currency policy, saying there are better ways to achieve a flexible exchange rate

AP , WASHINGTON

While the administration has not specified what that step would be, currency experts say China could link the yuan's value to a group of currencies from other countries, not just the dollar, or it could create a band within which the currency could trade.

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