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BEIJING (AP) - Shi Xianbin has watched with alarm as China's currency has risen against the U.S. dollar, driving his small textile company to slash prices to stay competitive abroad.
Shi, manager of the Shanghai Bin Bin Yuan Import & Export Co., said if the yuan rises another 2 percent, his privately owned, 10-employee company will face "lots of losses."
"We cannot survive," he said.
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