花崗齋雜記

Jottings from the Granite Studio provides commentary, analysis, and opinion on China and Chinese history. It is written by Jeremiah Jenne, a PhD Candidate at a large public research university in Northern California. Currently, Jeremiah is in Beijing teaching history, doing archival research, and working on his dissertation.

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Dollar drops again…

It looks as though we’ll be hitting the magical 7 RMB/$1 mark sooner rather than later. News from China’s Central bank this afternoon that the the dollar is down to a record low of 7.196 RMB. (For those Europeans gloating out there at the Americans’ misfortune, the Euro also fell to 10.56 RMB.)

Belt-tightening all around.

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January 28th, 2008 | Category: Beijing Journal, Life in China

2 comments to Dollar drops again…