How much more will the yuan go up in value?

Question

I would like to know your opinions on how much more, you think, the yuan will continue to increase, in value. I'm pretty interested for the answer to this question because I'm Chinese and my dad owns some property in China so if the value goes down to say 5 or 6 yuan or so to 1 usd, I would be pretty dam happy... what do you guys think? After five years how much will the yuan be worth compared to the dollar?

Answer 1

The Purchasing Power Parity in china is a factor of more than three higher than the exchange rate. As poor countries develop the exchange rate rises to match the PPP , so you can expect a factor of 3, but it will probably take more than 5 years