Just checked Yahoo Finance, the current exchange rate between RMB and USD is:
1 USD = 6.9966 RMB
Look at the exchange rate between USD and RMB in the last 5 years:
Graph credit: Yahoo Finance
Please note: This is not a stock chart – it is the exchange rate between two of the most important economic bodies in the world.
I remember Alexandra, author of China Price told me that during her two year research in south China, many factory owners told them that if the exchange rate keep going on the same trend for one more year, they are going to close the factory.
I suspect the current below-7 exchange rate will cause big problem for them. Anyone can confirm or show evidence to object my guess?