Without surprise, the USD/CNY has finally broken through the 7 yuan barrier. Calculated by the end of 2007 data, since the beginning of 2008 the accumulated appreciation of the RMB is close to 4.17%. That is to say, if at the end of 2007 you had changed your USD into CNY and deposited it for a fixed 3 month term, at a bank fixed deposit post-tax annual interest rate of 3.16%, in just 3 months and a bit, those dollars would now have a yield of 4.99%, or an annualized return that is already quite attractive.