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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?


To: Julius Wong who wrote (5179)7/23/2005 4:55:38 PM
From: RealMuLan  Respond to of 6370
 
In case anyone cares, here is the historical exchange rate for RMB:

Year	vs. US$1
1949 2.3
1950 2.75
1951 2.238
1952 2.617
1953 2.617
1954 2.617
1955 2.4618
1956 2.4618
1957 2.4618
1958 2.4618
1959 2.4618
1960 2.4618
1961 2.4618
1962 2.4618
1963 2.4618
1964 2.4618
1965 2.4618
1966 2.4618
1967 2.4618
1968 2.4618
1969 2.4618
1970 2.4618
1971 2.2673
1972 2.2401
1973 2.0202
1974 1.8397
1975 1.9663
1976 1.8803
1977 1.73
1978 1.5771
1979 1.4962
1980 1.5303
1981 1.7051
1982 1.8926
1983 1.9757
1984 2.327
1985 2.9367
1986 3.4528
1987 3.7221
1988 3.7221
1989 3.7659
1990 4.7838
1991 5.3227
1992 5.5149
1993 5.7619
1994 8.6187
1995 8.3507
1996 8.3142
1997 8.2898
1998 8.2791
1999 8.2796
2000 8.2784
2001 8.277
2002 8.277
2003 8.2774



To: Julius Wong who wrote (5179)7/23/2005 5:11:35 PM
From: RealMuLan  Read Replies (1) | Respond to of 6370
 
The background behind Nanjing and Shanghai bid for Rover may very well be the power struggle between the two parents companies from the West (a surprise, NO!), or you can call them as western partners. Shanghai's backing is VW, and Nanking's is an Italian auto company.