The tenth of 1 RMB...The Chinese Dime.
Since first coming here in 2000, many landmarks have come and gone once or even twice. Unless you’ve missed it, China’s economy is smoking hot. The RMB (Quai, Yuan) was about 8.28 RMB to the dollar when I came here in 2000. Last trip to the ATM put it at about 7-1/8 RMB to the dollar. President Bush is pressuring China to remove the artificial constraints that undervalue its’ worth the RMB making Chinese goods more expensive to everyone including the Chinese. Some estimates predict a dollar worth half the current value in RMB.