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  2. Renminbi - Wikipedia

    en.wikipedia.org/wiki/Renminbi

    'People's Currency'; symbol: ¥; ISO code: CNY; abbreviation: RMB), also known as the Chinese yuan, is the official currency of the People's Republic of China. [a] The renminbi is issued by the People's Bank of China, the monetary authority of China. [3] It is the world's fifth-most-traded currency as of April 2022. [4]

  3. Yuan (currency) - Wikipedia

    en.wikipedia.org/wiki/Yuan_(currency)

    'American yuan') in Chinese, and the euro is called Ouyuan (simplified Chinese: 欧元; traditional Chinese: 歐元; pinyin: Ōuyuán; lit. 'European yuan'). When used in English in the context of the modern foreign exchange market, the Chinese yuan (CNY) refers to the renminbi (RMB), which is the official currency used in mainland China.

  4. We're losing the one thing that's keeping the peace between ...

    www.aol.com/were-losing-one-thing-thats...

    Prolonged deflation erodes the value of China's currency and ultimately means it has to sell more exports to make the same amount of money. Unemployment for Chinese young people between the ages ...

  5. History of Chinese currency - Wikipedia

    en.wikipedia.org/wiki/History_of_Chinese_currency

    Old Chinese Currency used in 1920–23. This currency was also used in Hunza state.. The use of shell money is attested to in the Chinese writing system.The traditional characters for 'goods' (貨), 'buy/sell' (買/賣), and 'monger' (販), in addition to various other words relating to 'exchange', all contain the radical 貝, which is the pictograph for shell (simplified to 贝).

  6. ‘De-dollarization is happening’: Are countries ditching the ...

    www.aol.com/finance/dollarization-happening...

    A mutiny is taking place in the global currency market, with a growing number of countries ditching the U.S. dollar in favor of China’s yuan — at least, that’s the rumor going around ...

  7. Economy of China - Wikipedia

    en.wikipedia.org/wiki/Economy_of_China

    The renminbi ("people's currency") is the currency of China, denominated as the yuan, subdivided into 10 jiao or 100 fen. The renminbi is issued by the People's Bank of China, the monetary authority of China. The ISO 4217 abbreviation is CNY, although also commonly abbreviated as "RMB". As of 2005, the yuan was generally considered by outside ...

  8. Analysis-China's retirement age reforms not enough to fix ...

    www.aol.com/news/analysis-chinas-retirement-age...

    China’s number of births dropped to 9 million las ... China’s Academy of Social Sciences has estimated the pension system will run out of money by 2035 without reforms. Monthly urban pensions ...

  9. Foreign-exchange reserves of China - Wikipedia

    en.wikipedia.org/wiki/Foreign-exchange_reserves...

    The foreign exchange reserves of China are the state of foreign exchange reserves held by the People's Republic of China, comprising cash, bank deposits, bonds, and other financial assets denominated in currencies other than China's national currency (the renminbi). As of August 2024, China's foreign exchange reserves totaled US$ 3.288 trillion ...