It further confirms that China is on track to transition from a construction and export-oriented economy to a consumer-oriented economy.

FORBES: China's Economy May Be Turning The Corner

Some American executives believe the yuan will float more freely and therefore higher once the Chinese economy becomes more consumer oriented rather than so dependent on exports.

FORBES: The Chance To Buy Yuan

As every foreign investor knows, China is changing from an export driven economy to a more consumer-oriented one.

FORBES: For Some Int'l Funds, BRIC Markets Lack Conviction