Chinese RMB Expected To Appreciate
25 10 2007This is an interesting article (http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aq_idaiqb638) that explains the rational of the Chinese currency appreciating against the dollar to a rate of 7 RMB to 1 USD. This is about a 6% increase over the current exchange rate of 7.49 RMB to the dollar and another reason why we can expect to see food inflation on our frozen vegetables from China in the coming year.
Technorati Tags: Noon International, China, RMB
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