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Impact of yuan rise on hotels yet unclear | peopledaily.com.cn

With the continuous influx of foreign visitors to China, especially to Shanghai, which is hosting the World Expo hoteliers have shrugged off yuan appreciation as nothing more than a remote threat. For Shanghai, the immediate concern of hoteliers is to find beds for the thousands of visitors flooding in from around the country and abroad to visit the Expo. Many hotels, especially those in Pudong district, have been fully booked months in advance.