“Rate-by-rate travel” is the latest Chinese guide when it comes to picking holiday destinations. The value of the yuan went up by over 20% against the Japanese Yen in the past year, making Japan the hottest holiday destination for Chinese tourists in June. However, the value of the yuan has dipped against the greenback after the Chinese central bank adjusted the pricing scheme of renminbi’s central parity rate in mid-August despite of recent recovery.
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