The Chinese yuan is gradually appreciating against the U.S. dollar. The value of yuan hit a new high against U.S. dollar on Oct. 14, with the central parity rate of the yuan setting at 6.6582 per U.S. dollar. However, the yuan started to weaken since then and weakened to 6.6759 per U.S. dollar...
I like Splitlink's comment!
And I read an article on this problem too. It's also interesting. It listed 4 differences and 8 simularities between nowadays China and 1980's Japan. It is too long to post here. you can read it by following link...