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RMB Depreciation: Limited Impact on Infant Formula Segment
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RMB Depreciation: Limited Impact on Infant Formula Segment
From 11 August, the RMB depreciated successively for 3 days, and kept stable on 14-17 August when the USD/RMB exchange rate was USD1=RMB6.3975. The devaluations meant that in some cases the price of infant formula purchased online from overseas incre...
Dairy Products China News 201508
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