QUOTE(huiyan @ 5 Sep 2008, 17:31)

02年曾试过10.5左右,不知这次会不会跌破。
China depreciated RMB in 2002/2003 (cannot remember when exact) deliberately to encourage trade with the rest of the world. China’s past number of year’s economic growth were built on this strategy and it has proven to be a successful one.
The current trade surplus means that the other countries pissed off with China with the cheap currency and you might have heard EU and US have been applying pressure to China to appreciate RMB for some time. In fact, it was one of the WTO submission conditions as well (if I remember correctly).
Going forward, don't expect RMB will go back down to 16 to 1 again as long as China is doing well. Current credit crunch contributed to quicken the RMB appreciation process, but not the end result of the "bad luck" we are all suffering...
Feel proud to be a Chinese as China is doing well. Think like this, if China didn't depreciate RMB in the first place, many of us wouldn't be here in the first instance.... bite the bullet and live with the fact, you can always go back to find a job back home and spend it over here with a greater purchasing power… we have that choice right?