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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 .
The Renminbi has appreciated 22 percent since the mechanism reform in 2005 of the Yuan exchange rate. [9] However, during the onset of the 2007-2008 global financial crisis, the renminbi was unofficially repegged to the US dollar. It was again depegged from the dollar in June 2010.
In 2010, the 1.96 million couples applying for divorce in 2010 represented a rate 14% higher than the year before and doubled from ten years ago. [3] Despite the rising divorce rate, marriage is still thought of as a natural part of the life course and as a responsibility of good citizenship in China. [4]
Meanwhile, the Chinese yuan — which many think is the biggest threat to the dollar — accounted for just 2.37% of reserves in the same period, with a high proportion of that being held by ...
An excess of people entering a country is referred to as net immigration (e.g., 3.56 migrants/1,000 population). An excess of people leaving a country is referred to as net emigration (e.g., -9.26 migrants/1,000 population). The net migration rate indicates the contribution of migration to the overall level of population change.
China's currency, the yuan, hit a post-revaluation high against the U.S. dollar Monday after the People's Bank of China set the yuan's reference rate for trading against the dollar at its highest ...
In October, the Asian Development Bank (ADB) raised a ¥1.2bn 10-year bond, and became the first supranational agency which issued dim sum bonds and also the first issuer listed in the HKSE. The dim sum bond market grew 2.3 times from 2010 (¥35.8bn) to 2013 (¥116.6bn), with an outstanding amount at the end of 2013 of RMF 310bn. [2]
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