Business and Finance

RMB strengthens: $1 buys 7.99 yuan

From Xinhua, a very short article reproduced in its entirety here:

USD-RMB exchange rate hits record 1:7.9982

BEIJING, May 15 (Xinhua) -- The exchange rate of the U.S. dollar against the Chinese currency, yuan, hit a record 1:7.9982 on Monday, the highest level since China appreciated its currency on July 21 last year. Enditem

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