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  2. Internationalization of the renminbi - Wikipedia

    en.wikipedia.org/wiki/Internationalization_of...

    On 28 October 2014 direct currency trading started between the Singapore dollar and the renminbi (CNY/SGD). [136] The Singapore dollar was added to the China Foreign Exchange Trade System (CFETS)'s platform, which as of 28 October 2014 offers financial operations and transactions between the yuan and ten foreign currencies. [137]

  3. Renminbi currency value - Wikipedia

    en.wikipedia.org/wiki/Renminbi_currency_value

    For most of its early history, the renminbi was pegged to the U.S. dollar at ¥2.46 per USD. During the 1970s it was revalued, until it reached ¥1.50 per USD in 1980. Its value gradually declined as China embarked on a new economic course during Deng Xiaoping's leadership and transformed into a more market-based capitalistic economy. [6] [7]

  4. List of renminbi exchange rates - Wikipedia

    en.wikipedia.org/wiki/List_of_renminbi_exchange...

    The renminbi (RMB, also known as Chinese yuan; ISO code: CNY) is the official currency of the People's Republic of China. [1] Although it is not a freely convertible currency , and has an official exchange rate , the CNY plays an important role in the world economy and international trade .

  5. Economy of China - Wikipedia

    en.wikipedia.org/wiki/Economy_of_China

    As of 2005, the yuan was generally considered by outside observers to be undervalued by about 30–40%. [191] [192] However, in 2017, the IMF stated that the yuan was correctly valued. [193] The renminbi is held in a floating exchange-rate system managed primarily against the US dollar. On 21 July 2005, China revalued its currency by 2.1% ...

  6. Markets wary of Fed rate plans, China retail disappoints - AOL

    www.aol.com/news/asia-wary-fed-rate-future...

    Figures from China showed retail sales rose just 3.0% in November, compared with a year earlier, well below market forecasts of 4.6% and evidence of the need for much more aggressive stimulus.

  7. Will IBM Be a Trillion-Dollar Stock by 2030?

    www.aol.com/ibm-trillion-dollar-stock-2030...

    The stock finally surpassed its all-time high from 2013 this year, ... speculate on whether it can become a trillion-dollar stock by 2030. While nobody knows for certain whether it can reach that ...

  8. Prediction: These 2 Stocks Will Be Larger Than Nvidia by 2030

    www.aol.com/prediction-2-stocks-larger-nvidia...

    Over the last 12 months, revenue has hit $600 billion, up from around $100 billion 10 years ago. And it shows no signs of slowing down, with revenue increasing 10% year over year last quarter.

  9. List of the largest trading partners of China - Wikipedia

    en.wikipedia.org/wiki/List_of_the_largest...

    China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.