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Thursday, March 11, 2010

World Bank ----Huang Shuai

AP: The World Bank Country Director for China David Dollar said China's fixed exchange rate system is "the legitimacy of choice" rather than the manipulation of the RMB exchange rate behavior. David Dollar said that he personally preferred to implement a more flexible Chinese exchange rate system, but it is more difficult to manage them, many developing countries during this transformation occurs when a financial crisis.World Bank (2006) list Rank Country GDP (millions of USD)- World 48,244,879- European Union 14,609,8361 United States 13,201,8192 Japan 4,340,1333 Germany 2,906,6814 The People's Republic of China 2,668,0715 United Kingdom 2,345,0156 France 2,230,721 a7 Italy 1,844,7498 Canada 1,251,4639 Spain 1,223,98810 Brazil 1,067,962

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