The currency used in China is the Yuan (pronounced "you-ann"). The current exchange rate is approximately $1 US to 6.84 Yuans. That means that 1 Yuan is worth about 15 cents. This can get you a lot of buying power. As previously mentioned, bottle water is cheap. A local store (the Carrefour in Beijing) had bottled water for anywhere from 0.8 Yuans a bottle to 1.2 Yuans per bottle, which works out to 12 cents to 18 cents a bottle!
And at the same Carrefour, they had electric mopeds (the type you commonly see driving around the city streets) for 1699 Yuans to 1899 Yuans – or $249 US to $278 US! I want one!!! LOL!
But, some things are actually cheaper in the US. Last night we were at a different store, and most prices were very cheap (Danny bought a set of army men and tanks for 9 Yuan, or $1.32), but the computer products were more expensive than they are in the US. For example, before coming to China, we bought a Netbook for around $250, and the Netbooks at the local store here started at $400 US. Interesting!!
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