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So the notion that China is evolving into a more market-oriented country is to impose a particularly American perspective on Chinese actions. Impose trade barriers if Beijing will not comply. By 1994 it was 8.62 RMB to the dollar (the lowest ever on the record).

The company, which Berkshire Hathaway purchased for $37 billion in a transaction confirmed this morning, employs more than 2,900 people in the metro region.