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:
- USA
- Hong Kong
- Japan
- South Korea
- Taiwan
People's Bank of China ~ 中国人民银行
Chinese Exports
China has the world's largest growing market economy
THREE MAJOR INDUSTRIES
- manufacturing: metals, textiles, toys, electronics, aircraft (EVERYTHING)
- agriculture: rice, wheat, tobacco, peanuts, tea, soybeans
- 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