The history of Chinese money spans more than 3,000 years, but the official renminbi was first issued during the Chinese civil war in 1948. Photo: Reuters The history of Chinese money spans more than 3,000 years, but the official renminbi was first issued during the Chinese civil war in 1948. Photo: Reuters
The history of Chinese money spans more than 3,000 years, but the official renminbi was first issued during the Chinese civil war in 1948. Photo: Reuters
Currencies

Explainer |
China’s yuan vs renminbi: what’s the difference?

  • 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
  • Despite Beijing’s best efforts, the currency still has a long way to go before it can challenge the US dollar because of rigid capital controls

Knowledge |   China Economy
The history of Chinese money spans more than 3,000 years, but the official renminbi was first issued during the Chinese civil war in 1948. Photo: Reuters The history of Chinese money spans more than 3,000 years, but the official renminbi was first issued during the Chinese civil war in 1948. Photo: Reuters
The history of Chinese money spans more than 3,000 years, but the official renminbi was first issued during the Chinese civil war in 1948. Photo: Reuters
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