China promises to keep exchange rate steady (AP)

In this Feb. 2, 2009 file photo, people look at a donation box where a statue of Chinese God of Fortune is buried in bank notes on a downtown commercial street in Beijing, China. China promised Wednesday, Feb. 18, 2009 to keep its exchange rate stable and said it will use part of its $1.95 trillion in foreign reserves to boost imports and consumer spending to combat the global financial crisis. (AP Photo/Alexander F. Yuan, File)AP – China promised Wednesday to keep its exchange rate stable and said it would use part of its $1.95 trillion in foreign currency reserves to boost imports and consumer spending to combat the global financial crisis.

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