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Thread: How far will RMB go?
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[quote=GARYKINKADE,268351]The RMB will either be the strongest or close to it. The ratio of RMB/US$ several years ago was appx. 8-10/1(?) and now it's 7/1. If it continues at this pace then in several more years the ratio will be 5/1. I'm sure there are a lot of economic factors that may intervene which may slow or speed up this ratio.The appreciation of the RMB means that consumer prices for the Chinese will increase. If wages and employment increases also, then no problem for those people fortunate enough to have the better paying jobs. As in any society, there will always be a portion of the population that will not be able to benefit from the appreciation of their currency.[/quote]
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