China currency
Paris Club of Lenders woo China, but Would not Bend Rules for Beijing
| Carlos Castillo | | Feb 28, 2016 07:13 AM EST |
Discussions are underway at G-20 summit in Shanghai to grant the world's second largest economy membership to the Paris Club, an informal association of creditors that specialize in loans to governments, ministers and finance officials.
China Produces Electricity from Burning Money
| Charissa Echavez | | Nov 21, 2015 06:43 AM EST |
Ever wondered where all the old yuan Banknotes ends up? Well, in order to produce biomass-generated electricity, mutilated currencies amounting up to 100 billion yuan ($15.67 billion) are being shredded then burned at Yancheng city in Jiangsu Province.
As Yuan Grows, Interest on the Chinese Currency Also Grows Globally
| Dino Lirios | | Jan 26, 2015 05:39 AM EST |
Yuan or renminbi, the currency of China, is continually rising in the world as reported by ratings agency Fitch.
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