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A local passes a huge poster advertising the Chinese currency the RMB outside the Bank of Communications in Western District, Central, Hong Kong. The RMB has appreciated almost 20% against the US dollar since the peg was dropped and it was allowed to be traded on the world markets, making the cost of producing in China much more expensive, forcing low-end manufacturers into bankruptcy..
A local passes a huge poster advertising the Chinese currency the RMB outside the Bank of Communications in Western District, Central, Hong Kong. The RMB has appreciated almost 20% against the US dollar since the peg was dropped and it was allowed to be traded on the world markets, making the cost of producing in China much more expensive, forcing low-end manufacturers into bankruptcy..
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