Chinese RMB Expected To Appreciate

Posted on October 25, 2007 by Edward Noon

This 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: , ,

This entry was posted in China. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>