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Sat, Jul 23, 2005 - Page 12 News List

Contents of currency basket to remain secret

FLEXIBILITYTo outwit speculators, the country's central bank is likely to protect its still rickety financial system by drawing a veil over the yuan's weighting basis

AFP , SHANGHAI

"If China never announces the basket structure it would only make things less transparent and it will bring trouble to its trading companies because it is just as difficult for them to calculate currency risk and cost," Wang said.

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