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China's booming foreign reserves can help boost economic stability with ample capital for foreign debt payment.

Just as central bank officials have been saying, what really counts is reform of the foreign exchange formation mechanism rather than the level of the exchange rate. This move is a vital part of that reform.

The detailed guidelines would make work more straightforward in those areas.

This might increase people's motive to hold more foreign currency, thus largely decreasing our country's risk on foreign currency.

It is a clear signal to the property market that the central government has the determination and the means to curb investments and housing prices.

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