Good news for USA economy: Chinese currency gets stronger

BBC: China's yuan rises past 6.50 against the US dollar

Bank staff deals with Chinese currency China's currency has been climbing against the US dollar.

China's currency, the yuan, strengthened past a key level against the US dollar on Friday, as part of wider efforts to contain inflation on the mainland.

The yuan broke past 6.50 against the dollar, a level not seen since 1993.

Traders and currency strategists believe the move is a sign that China's central bank is prepared to allow the currency to appreciate further.

A stronger currency means imported products become cheaper in China.

THIS IS GOOD FOR THE USA AND THE WEST. FASTER PLEASE AND MORE!

WILL IT PREVENT THE CHINESE BUBBLE FROM BURSTING?

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