Sorry you are right I was so excited but anyhow that is huge I guess oil prices will go up more and more due to Chinese' increasing purchasing power in international markets
EUR,AUD for example.. http://finance.yahoo.com/echarts?s=...on;ohlcvalues=0;logscale=off;source=undefined
A 0.5% appreciation is not huge in a currency that everyone knows has been deliberately depreciated for many years. Everyone also knows that they are deliberately allowing a controlled appreciation now. Many are of the opinion that 50% gain would barely start getting close to the natural price of a floating RMB.
That is exactly my point Coal, LNG and oil is getting cheaper and cheaper for Chinese, that means their consumption will skyrocket or even worse, it will accelerate.