The article, "Yuan's rise to boost outbound tourism" by Xin Dingding (China Daily) (April 24, 2008) summarizes the rise of the Chinese Yuan against the U.S. Dollar as well as the Hong Kong Dollar. While Chinese tour groups are still not permitted to organize trips to the United States, the rise in the Chinese currency is likely to boost tourism to other countries and regions (such as Hong Kong) that use US dollars or peg their currencies to it.
Full Article: http://www.chinadaily.com.cn/bizchina/2008-04/24/content_6640156.htm
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