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- Chinese currency defines the economy of one of the world's biggest superpowers. It's also central to one of the most debated issues involving China: its perceived mercantilist policy of artificially undervaluing currency against the U.S. dollar. This is believed to give its exports an unfair price advantage.
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Jun 25, 2024 · The Chinese yuan (CNY) and renminbi (RMB) are closely linked terms for China's currency. Renminbi is the official name of China's currency. The renminbi's principal unit is the...
- Christina Majaski
- 1 min
Aug 19, 2015 · The renminbi is the official currency of the People’s Republic of China, and translates to “people’s money.” Its international symbol is CNY (or CNH in Hong Kong; but abbreviated RMB, with the...
Aug 8, 2019 · China would counter that it has no obligation to resist market pressures pushing the yuan down when the United States implements tariffs that hurt China’s exports.
Nov 12, 2020 · China’s currency is officially the renminbi, which literally means ‘the people’s currency’, while the yuan is technically the unit of measurment of the renminbi
Apr 13, 2024 · The currency peg means cheap Chinese goods for U.S. consumers, a development that can help keep overall inflation at a modest level. The benefits of less expensive goods extend to businesses.
- Charles Bovaird
Aug 17, 2015 · When China was running a conspicuous mercantilist policy from 2001-2007, the yuan maintained an undervaluation level of about 15% relative to the US dollar.
Jun 21, 2022 · The Chinese yuan renminbi is the currency used in the People's Republic of China. Yuan is the actual unit of currency while renminbi is the name of the currency itself.