Stronger yuan to pep up domestic air carriers
By Wang Ying | China Daily | Updated: 2010-06-22 08:10
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A China Southern plane taxis on a runway after landing while an Air China flight departs at Beijing Capital International Airport. Doug Kanter / Bloomberg |
SHANGHAI - Airline shares surged on the Shanghai Stock Exchange on Monday, on anticipation that their US-dollar-denominated overseas debts would shrink considerably after the central bank signaled an end to the currency's peg to the dollar
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