The gradual rise of the Chinese Yuan is forcing Chinese manufacturers, including ZPMC, to increase prices and try to cut production costs.
To stave off US-led complaints that it was holding the Yuan at an artificially low level, Beijing eased currency controls in 2005 and the Yuan has subsequently risen 6% against the dollar....
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This complete item is approximately 150 words in length, and appeared in the January 2007 issue of WorldCargo News, on page 3.
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