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Fortune Magazine Reports On The Yuan Gaining Ground Vs Dollar







The United States economy has got a flu and the symptoms are being seen worldwide specifically in China.  Fortune Magazine recently reported that the Chinese Yuan is gaining ground over the US greenback.

fortune1.jpgFortune Magazine reports that the Yuan has so far gained 4.5% versus the dollar for the year 2008.  This is said to be the lowest level since 1994 and the Yuan is expected to gain more in the next months.

But is this good for the Chinese economy?  Those relying on exports and who earn in dollars will definitely say no.




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Posted in Fortune Magazine, Online Magazine Review | By Online Magazine | Tags: , , ,

This entry was posted on Sunday, April 13th, 2008 at 11:45 pm and is filed under Fortune Magazine, Online Magazine Review. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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