WORLD NEWS JOURNAL: Renminbi "broke 8" shocked the U.S. -- May 19, 2006


Jing Zhao Cesarone noted in the telephone interview: "When you get into Wal-Mart, you can see a lot of 'Made in China' products. With the appreciation of Renminbi, the costs of these products will rise, and the extra cost will be transferred onto the shoulders of the consumers."


Anita Tang indicated that "Manufacturers and retailers should worry."  Owners of manufacturing facilities in China pay even more attention to the changing value of the RMB than investors looking to invest in the country.


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