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06 May 2005 12:45  Chinese Vice Finance Minister Li Yong said upward pressure on the yuan was so great


Chinese Vice Finance Minister Li Yong said on Friday he did not think upward pressure on the yuan was so great and he believed the pressure for the currency to appreciate stemmed from domestic, not external, factors. Li, speaking at the Asian Development Bank meeting in Istanbul, also urged currency speculators to be patient over yuan reform.
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