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The yuan has been trading at 6.9 to the dollar since March this year. This has led many netizens to worry about the ability of China's financial system to cope with a potential financial crisis. But in fact, China's exchange rate against the dollar has always fluctuated. This fluctuation has stabilized between 6.2 and 7 in recent years.
Join other motivated learners on your Chinese learning journey with maayot. Receive a daily Chinese reading in Mandarin Chinese in your inbox. Full text in Chinese, daily quiz to test your understanding, one-click dictionary, new words, etc.
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1212 ratings
The yuan has been trading at 6.9 to the dollar since March this year. This has led many netizens to worry about the ability of China's financial system to cope with a potential financial crisis. But in fact, China's exchange rate against the dollar has always fluctuated. This fluctuation has stabilized between 6.2 and 7 in recent years.
Join other motivated learners on your Chinese learning journey with maayot. Receive a daily Chinese reading in Mandarin Chinese in your inbox. Full text in Chinese, daily quiz to test your understanding, one-click dictionary, new words, etc.
Got a question or comment? Reach out to us at contact[at]maayot.com
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