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In 2006, China's economy kept a fast growth and the opening-up further deepened. The reform of RMB exchange rate forming mechanism is progressing steadily. The elasticity of exchange rate improved significantly. The double favorable balance still continued. In addition, favorable balance of current account amounted to USD 249.9 billion; and the surplus of capital and financial account reached USD10 billion. At the end of 2006, foreign exchange reserve was up to USD 1.0663 trillion, an increase of USD 247.5 billion from a year earlier. |