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  • increase of tariff actually enlarged export cost raw white

    2019-05-21

    In terms of cost side, the increase of tariff actually enlarged export cost. However, from the chart below, it can be seen that the exchange rate of offshore renmibi to US dollar depreciated about 12% from 6.24 in Feb 2018 to nearly 7. The large depreciation of renminbi apparently offset the negativ Read More

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