BEIJING - JULY 22: A shopper hands Chinese money to a vendor at an outdoor market July 22, 2005 in Beijing, China. The People's Bank of China, the central bank, announced they would scrap the yuan's decade-old peg to the U.S. dollar and phase in a flexible mechanism of the yuan exchange rates. The exchange rate of yuan vs U.S. dollar was announced at 8.11 vs 1 on July 22. (Photo by Guang Niu/Getty Images)
Getty Images

Getty Images News Guang Niu