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The International Monetary Fund (IMF) is reportedly on the verge of declaring China's currency fairly valued for the first time in more than a decade, the Wall Street Journal reported on Sunday.
The fund's reassessment is expected to be made official in IMF reports on China in the coming months, the report said.
This is a milestone event as the IMF for years have expressed disapproval over Beijing's management of its currency.
The shift could also undermine Washington's dissatisfaction with the , which it claims remains artificially weak and giving Chinese exports an unfair advantage.
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