China's yuan breaks through 7.000 to the dollar (AFP)
By renmenbi.com on Thu, 04/10/2008 - 14:34

File photo shows a Chinese shopper looking at US dollars and Chinese yuan on sale in a Beijing souvenir shop. China's central bank on Thursday set the yuan at 6.992 against the dollar for the first time since a peg with the US unit was scrapped three years ago.(AFP/File/Teh Eng Koon)AFP - China's central bank on Thursday set the yuan at 6.992 against the dollar, the first time the currency has broken through 7.000 since a peg with the US unit was scrapped nearly three years ago.