Us Currency Silver Certificate

Since 1980s, China has become more open to international trade and has become a market oriented economy. The rapidly growing private sector has brought China on the main stage of the global economics.

The reforms instigated the rapid growth of non-state sector which became free from strict regulations and grown rapidly to contribute to the China’s economy. Opening of foreign trade and investment has not only increased the foreign direct investment in China but also led to increase in international trade of the country. As a result, in 2008 the FDI in China rose to $108 billion.

Chinese currency Yuan Renminbi was tightly linked to the US dollar till July 2005, when the Chinese government decided to revalue it by 2.1% against US dollar. The same year, the exchange rate system which was based on a single currency was diversified to the basket of currencies.Presently, USD1 is equal to RMB 6.8289 (May 2010).

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