This afternoon, I got a SMS from Eric that RMB finally changed its policy and become floating rate. The rumar is the exchange rate between RMB to USD may change to 8.1 or something (I cannot find sources and proof for this. So use this information with caution).
I am not an econmist, and I don’t know exactly what it means to the market and two countries. I did get some conflicting oppinions and news. It is out of my knowledge scope to judge. So I don’t want to comment. The direct impact for me may be, the next time I shop at Amazon.com, I can buy one more book if I buy several books. :-)
P.S. Oh. Talking about Amazon, I read the news the change after they bought one of the largest book selling website Joyo. 1) All the employees start to learn English, while before, they don’t have any English test in their interview processes. 2) The founder left the company and top management team were replaced by external professional managers 3) Their system migrated to Amazon platform, 4) After the migration, their shipping speed is 2 days slower than before – now one day slower than its major competitor Dangdang.com.