But of course, the opposite is true of exporters, who have an incentive to use the weaker, government-controlled CNY.

BBC: Mr Osborne and China's long road to a global currency

Huawei expects its 2012 global sales revenues to reach CNY 220.2 billion, an 8% year-on-year increase, with a net profit of CNY 15.4 billion, a 33% increase from the previous year.

ENGADGET: Huawei 2012 results: $2.5 billion profit, smartphone penetration 'still way too low'

Among the overseas revenue, the Asia-Pacific region saw revenue of CNY 37.4 billion, while Europe, Middle East and Africa recorded CNY 77.4 billion and the Americas contributed CNY 31.8 billion.

ENGADGET: Huawei 2012 results: $2.5 billion profit, smartphone penetration 'still way too low'

The key issue is that the new trade has created a wedge between the government-controlled, onshore exchange rate (CNY) and the offshore currency as it trades in Hong Kong, which is known as CNH.

BBC: Mr Osborne and China's long road to a global currency

According to the Hong Kong Immigration Department, mainland tourists increased by 32.7% y-o-y between February 11 and February 13. (CNY holidays are two days shorter in Hong Kong and Macau than in the mainland).

FORBES: Chinese New Year Retail Sales Slow, High End Suffers