One of the mysteries of the English language finally explained.
The basic monetary unit of China, equal to 10 jiao or 100 fen.
- ‘Since the revaluation, the yuan has gained less than 0.3 percent against the dollar.’
- ‘Do you agree with the idea that the NT dollar need not rise unless the Chinese yuan also rises?’
- ‘These pressures are also raising the cost of keeping the yuan pegged to the dollar.’
- ‘They expect Hong Kong to eventually become a testing ground for convertibility of the yuan.’
- ‘Today, they are still sending production to China as the yuan and the dollar weaken.’
- ‘Reports showed that mainland car buyers defaulted on loans of up to 100 billion yuan last year.’
- ‘The yuan is pegged to the dollar and has not kept pace with the country's expansion, so making goods even cheaper.’
- ‘The speculation was fanned by the yuan's rise on April 29 to its strongest in a decade.’
- ‘The Central Bank of China recently announced changes in the exchange rate of Chinese yuan.’
- ‘The United States has urged China to allow greater flexibility in the yuan exchange rate.’
- ‘China's football giant pays a bonus of millions of yuan when the team wins an important match.’
- ‘The People's Bank of China is increasing the value of the yuan by two per cent.’
- ‘Revaluing the yuan could catapult China's economy past some of the world's biggest.’
- ‘For decades, the yuan has been pegged at a low rate to the US dollar.’
- ‘During the late 1980s they had built two large fishing boats that cost half a million yuan.’
- ‘Maybe China will allow the yuan to float by 2008 if it is able to complete its financial reforms in time.’
- ‘The right conditions do not exist at the moment for China to adjust its yuan exchange rate.’
- ‘In the short term, floating the yuan will likely lead to its strengthening.’
- ‘Exchange rates for the rouble, the Mongolian tugrik and the Chinese yuan may be inflated on the train.’
- ‘The government has yet to announce foreign currencies the yuan is linked to.’
Chinese, literally ‘round’; compare with yen.
A dynasty that ruled China AD 1259–1368, established by the Mongols under Kublai Khan. It preceded the Ming dynasty.
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