Arthur Frommer

July 4, 2010 12:00 AM

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.

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