It has built up $2.45 trillion of reserves thanks to its determination to keep the yuan stable against the dollar.
Our average price for all brands is 5 million to 6 million yuan, excluding value-added tax, which is paid by the car owners.
China had stubbornly resisted the pressure to change its exchange rate policy, insisting that the yuan was valued exactly how it should be.
The yuan is still not a free-floating currency, and only seems to appreciate when tempers in Washington, DC, reach boiling point.
But the reaction from yuan watchers Thursday was that those hoping for a big change shouldn't hold their breath.
For yuan watchers, here are some important events and actions to look for that could have a major impact on the yuan's future.
Mr. Geithner is to testify at hearings on the yuan to be held by the U.S. House Ways and Means Committee this week.
本周，盖特纳将在美国众议院筹款委员会(House Ways and Means Committee)举办的人民币问题听证会上作证。
Jason Yuan, a Shanghai-based analyst with UOB Kay Hian Holdings, said: "Bright Food lacks strong products to fit westerners’ tastes.".
光明食品在这宗交易中的顾问是野村证券(Nomura)，Champ方面的顾问则是瑞银(UBS)和美国银行美林(Bank of America Merrill Lynch)。
While he didn't rule out the possibility that the yuan could rise against the dollar, he argued it doesn't need to.
Jiang also said the government would use part of a pool of a 2 trillion yuan housing provident fund to build more affordable homes.
And that was before she spent her first yuan on food. But to a girl desperate for freedom, hunger was better than another year in a factory.
In mid-June, China rolled out a new currency policy that freed the yuan from its two-year de facto peg to the U.S. dollar.
Currently, China allows individuals to send up to $50,000 worth of yuan out of the country each year, or bring in that much.
Of more than 7 trillion yuan loaned out in the first half of this year by Chinese banks, only an estimated 10% has gone to smaller firms.
He usually took the cheapest form of transport and stayed at youth hostels costing less than 50 yuan per night.
Proponents of a measure that passed the U.S. House last week to put pressure on China say a higher yuan would create thousands of U.S. jobs.
U.S. politicians, however, are wrong to think a free-floating yuan will do much to dent the U.S. trade gap or boost economic growth.
Public statements from each side made no mention of the currency issue, but a U.S. official said the yuan was discussed.
The conflict cannot be removed without either a painful and unnecessary domestic deflation or abandoning the undervalued yuan-dollar rate.
Political pressure on China from abroad to allow faster yuan appreciation is unlikely to abate in the near future.
Renminbi Yuan, buck
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