Chinese Yuan

Hannah McCoy and Angela Halleck

Basic Information

  • China's national bank: People's Bank of China (PBC)
  • Exchange rate: 1 US Dollar = 6.25 Chinese Yuan ~ 1 Euro = 7.23 Chinese Yuan
  • TOP 5 TRADING PARTNERS:
  1. USA
  2. Hong Kong
  3. Japan
  4. South Korea
  5. Taiwan

Chinese Exports

China has the world's largest growing market economy

THREE MAJOR INDUSTRIES

  1. manufacturing: metals, textiles, toys, electronics, aircraft (EVERYTHING)
  2. agriculture: rice, wheat, tobacco, peanuts, tea, soybeans
  3. telecommunication services: cloud computing, e-commerce, companies such as Apple, Microsoft, IBM

Export vs. Import Totals Per Year

  • Export: $2.2 trillion (2015 est.) per year
  • Import: $1.6 trillion (2015 est.) per year