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According to an article carried by the Financial Times (FT), China is mulling over allowing the Renminbi to crack “7” figure, as per the latest trader talks.

Guan Tao, an economic expert at Wuhan University and a former official at the State Administration of Foreign Exchange, the country’s regulator., noted: “In terms of the market, 7 is seen as an important ‘integer threshold’.”    But “there is not enough information to support whether 7 is as important as the market thinks.”

In a sign of nervousness, a teller at a bank in Beijing said: Cracking seven would make Chinese people “feel like they had lost money”.