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Bloomberg
Nov 26
Comment
(Update1) Japanese Finance Minister Hirohisa
Fujii said China’s currency is probably too weak, backing calls
from the U.S. and Europe to let the yuan appreciate.
Bloomberg
Nov 25
Comment
Japanese Finance Minister Hirohisa
Fujii said China’s currency is probably too weak, backing calls
from the U.S. and Europe to let the yuan appreciate.
Bloomberg
Nov 25
Comment
(Update1) China tightened rules on individuals
transferring yuan and foreign exchange between bank accounts
after speculation the nation’s currency will strengthen caused a
surge in capital inflows.
Bloomberg
Nov 25
Comment
China Shipbuilding Industry Co., the
nation’s largest maker of vessel equipment, plans to raise at
least 6.4 billion yuan ($937 million) in a Shanghai share sale
to fund facilities for building engines and parts.
The Economist
Nov 24
Comment
The best of the rest of the economics web
TODAY'S recommended economics writing:• When does outsourcing of public services pay off? (Vox) • "The modern economic literature on cities and entrepreneurship has...
The Globe and Mail
Nov 24
Comment
Three policy makers head to Beijing this weekend, but chances of success are slim
Commodity Online
Nov 24
Comment
China on Tuesday said it will keep its currency s exchange rate basically stable at a reasonable and balanced level.
Wall Street Journal
Nov 24
Comment
A small bubble popped in China on Tuesday. Its formation illustrates one of Beijing's worries as pressure grows on its exchange rate regime.
Banking Business Review
Nov 24
Comment
Participating banks will also act as direct participants for RMB real time gross settlement in Hong Kong
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes a currency traded on the global foreign exchange market. View articles referencing this currency. |
The Chinese Renminbi, which is also known as the yuan, is issued by the People's Bank of China, the monetary authority of the PRC. The name the Yuan comes from the principle currency unit within the Renminbi. The units for the Renminbi are the Yuan (元), Jiao (角), Fen (分), where 1 Yuan = 10 Jiao = 100 Fen. The Chinese Renminbi literally means the "People's Currency"
For a discussion of its revaluation, see Revaluing the Yuan.
The chart at left shows the USD/CNY currency pair; the number of Chinese Renminbi equivalent to 1 U.S. Dollar (USD).
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