Chinese Currency Exchange Rate Gets a Huge Boost!

In Year 2005 China allowed the value of the Yuan, the Renminbi, to increase in value with respect to the American dollar. In the next few years the government is expected to maintain tight control of its currency to prevent runaway inflation or recurrences of the financial collapse that hit most of China's smaller Asian neighbors in the late 1990's. In the future the Chinese Yuan is expected to be valued based on a combination of its perceived strength compared to a selected combination of different currencies, such as the trio of American Dollar, the Euro, and the Japanese Yen.

Chinese economists recognize that it is important over the next 50 or 100 years that the Chinese Yuan should remain attractive to investors, economists, and business people around the world...most of whom are middle-aged or older men. Year 2006 marks the start of a new 5 year business cycle in China, a business cycle where China will use more aggressive marketing and advertising to promote China, its businesses, and people. Consequently it is rumored that in 2006 a new 50 Yuan note will be issued to increase the attractiveness of China's currency:












Despite the fact this is purely an unsubstantiated rumor, international interest in the Chinese Yuan has been boosted immensely in the last few weeks. Businessmen around the world are anxiously waiting an opportunity to collect the new 50 Yuan notes.

HAPPY NEW YEAR!!! 新年快乐!!