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Fri, Jan 03, 2003 - Page 12 News List

China may soon let yuan strengthen

CURRENCY The Middle Kingdom's monetary unit may soon need to rise, otherwise oil imports could become costly and the trade gap with the US will continue to expand

BLOOMBERG , BEIJING

Letting the currency strengthen would make imported agricultural goods cheaper, threatening China's farmers. About 800 million of China's 1.3 billion people live in rural areas.

A stronger currency would make China-made mobile phones, toys and computer parts more expensive overseas.

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