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A Chinese official has said that the government hasn't set a timetable for ending the fixed value of the yuan against the US dollar, responding to an analyst's report that the link will be phased out this year.
The official at China's State Administration of Foreign Exchange, who spoke on condition of anonymity, said there is no schedule for deregulating the yuan, which has been fixed at 8.3 yuan per dollar since 1994.
(Shanghai Daily June 18, 2003)
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