1 dollar reduced to 7 CNY level RMB against the US dollar August 8 10:43
As the trade friction between the US and China is intensifying, the “standard value”, which is the guideline for the yuan exchange transaction announced by the Chinese central bank on the 8th, exceeds the milestone of 1 dollar = 7 yuan, Since April 2008, it has been reduced to the level of the yuan's weak dollar for the first time in 11 years and 4 months.