Dollar Dominant in Yuan's Basket-Peg System: China Central Bank Chief
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China Economy Remains Strong: Zhou
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The greenback plays the biggest role in a group of currencies against which China’s central bank pegs the yuan, Governor Zhou Xiaochuan confirmed on Friday.
“The U.S. dollar is still the most important currency in the basket," Zhou said at a press conference on the sidelines of the Group of 20 finance chiefs meeting in Shanghai.