Yu'an District (simplified Chinese:裕安区; traditional Chinese:裕安區; pinyin:Yù'ān Qū) is a district in Anhui Province, People's Republic of China, under the jurisdiction of Lu'an City. It has a population of 930,000 and an area of 1,526 square kilometres (589sqmi). The government of Yu'an District is located in Yunlu Street.
The yuan (/juːˈɑːn/ or /ˈjuːən/; sign: ¥; Chinese:元; pinyin:yuán; [ɥæ̌n]) is the base unit of a number of former and present-day Chinese currencies, and usually refers to the primary unit of account of the renminbi, the currency of the People's Republic of China. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard code for renminbi is CNY, an abbreviation of “Chinese yuan”. (A similar case is the use of the terms sterling and pound to designate the British currency and unit.)
A yuan (Chinese:元; pinyin:yuán) is also known colloquially as a kuai (Chinese:块; pinyin:kuài; literally: "lump"; originally a lump of silver). One yuan is divided into 10 jiao (Chinese:角; pinyin:jiǎo; literally: "corner") or colloquially mao (Chinese:毛; pinyin:máo "feather"). One jiao is divided into 10 fen (Chinese:分; pinyin:fēn; literally: "small portion").
The symbol for the yuan (元) is also used in Chinese to refer to the currency units of Japan and Korea, and is used to translate the currency unit dollar as well as some other currencies; for example, the US dollar is called Meiyuan (Chinese:美元; pinyin:Měiyuán; literally: "American yuan") in Chinese, and the euro is called Ouyuan (Chinese:欧元; pinyin:Ōuyuán; literally: "European yuan"). When used in English in the context of the modern foreign exchange market, the Chinese yuan (CNY) refers to the renminbi (RMB), which is the official currency used in mainland China.
The Chinese Yuan may be the next carry trade to unwind: ANZ
Khoon Goh from ANZ says while there may be carry trade unwind in Chinese Yuan, the currency isn't expected to strengthen suddenly or too much because it's under firm control by the government and China is still on an easing path given weak domestic consumption.
published: 07 Aug 2024
Chinese Yuan surpasses dollar, becomes most traded foreign currency on the Moscow Exchange | WION
In a boost for China, its currency surpassed the US dollar for the first time this week. It makes Yuan the most traded foreign currency on Moscow Exchange. The western sanctions have pushed Russia closer to China.
#China #Yuan #Dollar
About Channel:
WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discus...
published: 07 Oct 2022
Use of Chinese yuan in global trade slowly increasing
The U.S. dollar has typically been the currency of choice when different nations want to trade with each other. But some are turning to the Chinese yuan. Last month, Argentina's government said it would pay for Chinese imports using the yuan due to a shortage of dollars. Brazil followed suit, announcing it will allow companies to trade in yuan. Carla Mozée, a senior markets reporter for Insider, has more on the currency shift.
#news #economy #china
CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN,...
published: 22 May 2023
Tracking China's Progress in Internationalizing the Yuan
Making the yuan a global currency is at the center of Chinese President Xi Jinping's ambition to create a "modern financial system with Chinese characteristics." That goal has faced challenges, however, including capital controls in China and the currency's limited convertibility.
Matteo Maggiori, Moghadam Family Professor of Finance at Stanford Graduate School of Business, and Bloomberg Intelligence Chief Asia FX and Rates Strategist Stephen Chiu speak on "Bloomberg: The China Show."
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published: 08 Jul 2024
The Chinese yuan is unlikely to get much worse from now, analyst says
Jeff Ng of MUFG Bank discusses the outlook for the currency and the country's economy.
published: 18 May 2023
Russia's embrace of Chinese Yuan stalls | World Business Watch
Now, we look at the new trend where Russia's embrace of the Chinese Yuan is stalling. President Vladimir Putin's war economy, which has been fueled by the quick adoption of the Chinese Yuan in response to the diplomatic crisis surrounding Russia's invasion of Ukraine, may have reached a breaking point. This is according to a Bloomberg report.
#russia #chia #yuan
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tire...
published: 10 Jul 2024
Why China's New Digital Currency Raises Privacy Concerns | WSJ
As China moves closer to rolling out its new digital cash, there are concerns the government will track every transaction––not just of citizens but of foreign companies in the country. WSJ travels to Chengdu to see this money revolution in action. Photo: Lorenz Huber for The Wall Street Journal
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#WSJ #China #Yuan
published: 17 Mar 2021
Chinese Yuan Hits Lowest Level in Almost 8 Years
The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump’s victory in the U.S. presidential election.
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published: 15 Nov 2016
Could China’s Yuan Be the World’s Future Reserve Currency?
A persistent stream of punditry prophesizes the end of the dollar as the world’s reserve currency, with China’s yuan usually cited as its successor. Yet the latest IMF data shows the dollar remaining far ahead of its competitors, with no signs of changing soon. Here's why. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
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To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/l...
published: 07 Jul 2021
China's Confusing Signals on the Yuan
Traders seeking to navigate the Chinese yuan are finding visibility getting increasingly cloudy. That's as authorities have flipped backward and forward with their favorite tool for guiding expectations: the yuan's daily reference rate. Bloomberg's Tania Chen explains.
Khoon Goh from ANZ says while there may be carry trade unwind in Chinese Yuan, the currency isn't expected to strengthen suddenly or too much because it's under...
Khoon Goh from ANZ says while there may be carry trade unwind in Chinese Yuan, the currency isn't expected to strengthen suddenly or too much because it's under firm control by the government and China is still on an easing path given weak domestic consumption.
Khoon Goh from ANZ says while there may be carry trade unwind in Chinese Yuan, the currency isn't expected to strengthen suddenly or too much because it's under firm control by the government and China is still on an easing path given weak domestic consumption.
In a boost for China, its currency surpassed the US dollar for the first time this week. It makes Yuan the most traded foreign currency on Moscow Exchange. The ...
In a boost for China, its currency surpassed the US dollar for the first time this week. It makes Yuan the most traded foreign currency on Moscow Exchange. The western sanctions have pushed Russia closer to China.
#China #Yuan #Dollar
About Channel:
WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
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In a boost for China, its currency surpassed the US dollar for the first time this week. It makes Yuan the most traded foreign currency on Moscow Exchange. The western sanctions have pushed Russia closer to China.
#China #Yuan #Dollar
About Channel:
WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
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The U.S. dollar has typically been the currency of choice when different nations want to trade with each other. But some are turning to the Chinese yuan. Last m...
The U.S. dollar has typically been the currency of choice when different nations want to trade with each other. But some are turning to the Chinese yuan. Last month, Argentina's government said it would pay for Chinese imports using the yuan due to a shortage of dollars. Brazil followed suit, announcing it will allow companies to trade in yuan. Carla Mozée, a senior markets reporter for Insider, has more on the currency shift.
#news #economy #china
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The U.S. dollar has typically been the currency of choice when different nations want to trade with each other. But some are turning to the Chinese yuan. Last month, Argentina's government said it would pay for Chinese imports using the yuan due to a shortage of dollars. Brazil followed suit, announcing it will allow companies to trade in yuan. Carla Mozée, a senior markets reporter for Insider, has more on the currency shift.
#news #economy #china
CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+.
Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
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Making the yuan a global currency is at the center of Chinese President Xi Jinping's ambition to create a "modern financial system with Chinese characteristics....
Making the yuan a global currency is at the center of Chinese President Xi Jinping's ambition to create a "modern financial system with Chinese characteristics." That goal has faced challenges, however, including capital controls in China and the currency's limited convertibility.
Matteo Maggiori, Moghadam Family Professor of Finance at Stanford Graduate School of Business, and Bloomberg Intelligence Chief Asia FX and Rates Strategist Stephen Chiu speak on "Bloomberg: The China Show."
--------
More on Bloomberg Television and Markets
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Making the yuan a global currency is at the center of Chinese President Xi Jinping's ambition to create a "modern financial system with Chinese characteristics." That goal has faced challenges, however, including capital controls in China and the currency's limited convertibility.
Matteo Maggiori, Moghadam Family Professor of Finance at Stanford Graduate School of Business, and Bloomberg Intelligence Chief Asia FX and Rates Strategist Stephen Chiu speak on "Bloomberg: The China Show."
--------
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Now, we look at the new trend where Russia's embrace of the Chinese Yuan is stalling. President Vladimir Putin's war economy, which has been fueled by the quick...
Now, we look at the new trend where Russia's embrace of the Chinese Yuan is stalling. President Vladimir Putin's war economy, which has been fueled by the quick adoption of the Chinese Yuan in response to the diplomatic crisis surrounding Russia's invasion of Ukraine, may have reached a breaking point. This is according to a Bloomberg report.
#russia #chia #yuan
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WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
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Now, we look at the new trend where Russia's embrace of the Chinese Yuan is stalling. President Vladimir Putin's war economy, which has been fueled by the quick adoption of the Chinese Yuan in response to the diplomatic crisis surrounding Russia's invasion of Ukraine, may have reached a breaking point. This is according to a Bloomberg report.
#russia #chia #yuan
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.
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As China moves closer to rolling out its new digital cash, there are concerns the government will track every transaction––not just of citizens but of foreign c...
As China moves closer to rolling out its new digital cash, there are concerns the government will track every transaction––not just of citizens but of foreign companies in the country. WSJ travels to Chengdu to see this money revolution in action. Photo: Lorenz Huber for The Wall Street Journal
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#WSJ #China #Yuan
As China moves closer to rolling out its new digital cash, there are concerns the government will track every transaction––not just of citizens but of foreign companies in the country. WSJ travels to Chengdu to see this money revolution in action. Photo: Lorenz Huber for The Wall Street Journal
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#WSJ #China #Yuan
The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump’s victory i...
The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump’s victory in the U.S. presidential election.
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The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump’s victory in the U.S. presidential election.
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A persistent stream of punditry prophesizes the end of the dollar as the world’s reserve currency, with China’s yuan usually cited as its successor. Yet the lat...
A persistent stream of punditry prophesizes the end of the dollar as the world’s reserve currency, with China’s yuan usually cited as its successor. Yet the latest IMF data shows the dollar remaining far ahead of its competitors, with no signs of changing soon. Here's why. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
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A persistent stream of punditry prophesizes the end of the dollar as the world’s reserve currency, with China’s yuan usually cited as its successor. Yet the latest IMF data shows the dollar remaining far ahead of its competitors, with no signs of changing soon. Here's why. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
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Traders seeking to navigate the Chinese yuan are finding visibility getting increasingly cloudy. That's as authorities have flipped backward and forward with th...
Traders seeking to navigate the Chinese yuan are finding visibility getting increasingly cloudy. That's as authorities have flipped backward and forward with their favorite tool for guiding expectations: the yuan's daily reference rate. Bloomberg's Tania Chen explains.
Traders seeking to navigate the Chinese yuan are finding visibility getting increasingly cloudy. That's as authorities have flipped backward and forward with their favorite tool for guiding expectations: the yuan's daily reference rate. Bloomberg's Tania Chen explains.
Khoon Goh from ANZ says while there may be carry trade unwind in Chinese Yuan, the currency isn't expected to strengthen suddenly or too much because it's under firm control by the government and China is still on an easing path given weak domestic consumption.
In a boost for China, its currency surpassed the US dollar for the first time this week. It makes Yuan the most traded foreign currency on Moscow Exchange. The western sanctions have pushed Russia closer to China.
#China #Yuan #Dollar
About Channel:
WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
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The U.S. dollar has typically been the currency of choice when different nations want to trade with each other. But some are turning to the Chinese yuan. Last month, Argentina's government said it would pay for Chinese imports using the yuan due to a shortage of dollars. Brazil followed suit, announcing it will allow companies to trade in yuan. Carla Mozée, a senior markets reporter for Insider, has more on the currency shift.
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Making the yuan a global currency is at the center of Chinese President Xi Jinping's ambition to create a "modern financial system with Chinese characteristics." That goal has faced challenges, however, including capital controls in China and the currency's limited convertibility.
Matteo Maggiori, Moghadam Family Professor of Finance at Stanford Graduate School of Business, and Bloomberg Intelligence Chief Asia FX and Rates Strategist Stephen Chiu speak on "Bloomberg: The China Show."
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Now, we look at the new trend where Russia's embrace of the Chinese Yuan is stalling. President Vladimir Putin's war economy, which has been fueled by the quick adoption of the Chinese Yuan in response to the diplomatic crisis surrounding Russia's invasion of Ukraine, may have reached a breaking point. This is according to a Bloomberg report.
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As China moves closer to rolling out its new digital cash, there are concerns the government will track every transaction––not just of citizens but of foreign companies in the country. WSJ travels to Chengdu to see this money revolution in action. Photo: Lorenz Huber for The Wall Street Journal
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The yuan fell to its lowest level against the dollar in nearly eight years Tuesday, continuing a recent drop that has accelerated since Donald Trump’s victory in the U.S. presidential election.
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A persistent stream of punditry prophesizes the end of the dollar as the world’s reserve currency, with China’s yuan usually cited as its successor. Yet the latest IMF data shows the dollar remaining far ahead of its competitors, with no signs of changing soon. Here's why. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights
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Traders seeking to navigate the Chinese yuan are finding visibility getting increasingly cloudy. That's as authorities have flipped backward and forward with their favorite tool for guiding expectations: the yuan's daily reference rate. Bloomberg's Tania Chen explains.
Yu'an District (simplified Chinese:裕安区; traditional Chinese:裕安區; pinyin:Yù'ān Qū) is a district in Anhui Province, People's Republic of China, under the jurisdiction of Lu'an City. It has a population of 930,000 and an area of 1,526 square kilometres (589sqmi). The government of Yu'an District is located in Yunlu Street.
The geese provide a solid foundation for the development of the feather and down industry in Yu’an district ... Yu’an district has also become an important production base for down and related products in China.