Arthur Frommer

July 4, 2010

Go to China before its currency goes up

Recent weeks have seen important newspaper headlines that have a direct bearing on travel. Of most significance was an announce-ment by the central bank of China that it would reverse course and permit that nation's currency — the Yuan — to gradually increase in value. Although, a day later, it issued a supplementary statement that the increase would be modest and over a long period of time, it was nonetheless obvious that China was at last giving in to pressure from the world community to no longer maintain an artificially low exchange rate.

Related content

Comments