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COPYRIGHT 2003 Asia Pulse Pty Ltd
BEIJING, March 31 Asia Pulse - It will not be necessary for China to increase the value of its currency unless the US dollar falls dramatically, according to comments made by Stephen Roach, the chief economist for Morgan Stanley, at the China Development Forum held here in late March.
Roach has clearly adjusted his view on China's exchange rate policy since last year when he said that China had initiated global deflation and that the under-valued Renminbi gave China a low-price advantage to gain...
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