Qi, Quill Intelligence, Danielle DiMartino Booth, Chinese Yuan

The QI of FX — China Holds the ‘7’ Line on its Currency

Overachieving Western parents have no idea how indebted they should be to Zhou Youguang, the linguist who spearheaded the development of the Hanyu Pinyin Romanization in the 1950s. Shortened to ‘pinyin,’ the Chinese government published the system which converts characters to Roman script in 1958. Other international organizations followed suit including the United Nations in 1986. The formalization complete, helicopter parents who’d heard the buzz — that Mandarin was the next hot thing to get into Ivy League colleges — were capable of following along with their children’s homework progress without having to learn the Chinese characters themselves.

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Danielle DiMartino Booth is CEO and Director of Intelligence at Quill Intelligence LLC

For a full archive of my writing, please visit my website Money Strong LLC at www.DiMartinoBooth.com

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