The Rising Chinese Yuan – What It Means for Your Small Business
by Leeia Ladipoh on April 28th, 2008
If you run a retail business, you may be very well aware of how the rising value of the Chinese Yuan is affecting your bottom line. Many products for sale on the U.S. retail market are purchased from China. It used to be that purchasing these items was always a great deal, because the U.S. dollar was strong while the Chinese Yuan was weak. However, times have changed. The Yuan has been creeping up over the past year and is continuing to gain strength, while the Dollar is struggling in the world market. For retailers, the impact is crystal-clear. It... Read more »