Last year, 6.15 million Chinese travelers took international trips, a 7 percent increase from 2016, with overseas spending estimated to amount to about 100 billion
yuan (nearly $ 16 billion).
Huajian lost every case, court records show, and the court had to freeze Huajian's assets to get one worker the 44,174
yuan ($ 7,000) he was owed.
«Amazing China» smashed box - office records for documentary films, raking in 456 million
yuan ($ 72 million) in its first five weeks, according to ticketing website Maoyan.com.
Similar data for China was not available, but the country's consumption has been growing, Last year, Chinese consumers reportedly spent 840 billion Chinese
yuan (just under $ 140 billion) in retail and catering services over the week - long holiday, an increase of 11.4 percent from 2016.
Over the new year, the People's Bank of China, China's central bank, said that banks will be required to notify it of all cash transactions over 50,000
yuan ($ 7,100), down from a current ceiling of 200,000
yuan.
On Tesla's website, he's customized his Model X — color: ocean blue — for a total cost of 1.2 million
yuan ($ 175,000).
Total sales from its ecosystem doubled to 20 billion
yuan in 2017.
But now, in this lacuna between the descent of the greenback, the collapse of the euro and the rise of
the yuan, Canada has a moment to be the darling of global currency.
INDPRK's Che, who has a prominent social media presence, said Dandong New Zone transaction prices had risen from about 4,000
yuan per square metre to 5,500 to 6,000
yuan, which he attributes to the improving situation on the Korean peninsula.
Xiaomi, reporting detailed financials for the first time, posted a net loss of 43.9 billion
yuan ($ 6.9 billion) in 2017, reversing from a profit a year earlier.
Domestic travel spending last year rose 15.9 percent from 2016, with 344 million domestic tourists spending 423.3 billion
yuan ($ 61.5 billion), according to China's National Tourism Administration.
It's estimated that the technology has boosted revenue by 2 billion
yuan ($ 315 million) at one power grid where the technology has been in use for several years.
China's mobile gaming revenue grew by 4.5 billion
yuan to 27.5 billion
yuan over the period, the biggest growth in two years.
Normally, when we think of money — the dollar, the euro,
the yuan, whatever — we think of governments, and central banks, and mints printing up paper bills behind fortified walls.
«And with the 20 % depreciation of the loonie relative to
the yuan, Toronto and Vancouver look very attractive.»
Tencent, which declines to provide a revenue breakdown of its games, made 12.9 billion
yuan from smartphone games in the first quarter, according to its financial report.
He failed his university entrance exams twice before gaining admission to Hangzhou Teachers University in 1984; after graduation he spent five years teaching English for 120
yuan (about $ 15) per month.
Chi Lo of BNP Paribas says the Chinese
yuan could see some swings linked to trade issues, but such movements would point to a more market - based approach to the currency.
That said, Tal goes on to write that there's a «clear sense of urgency» among many Chinese citizens to send their money out of the country because of a risk of a devaluation of
the yuan.
($ 1 = 6.5886 Chinese
yuan renminbi)(Reporting by Cate Cadell; Editing by Stephen Coates)
And when Ma rejected that, she offered another 100,000
yuan, and then another.
My personal favourite headline appeared in the print edition of India's Economic Times: «Don
Yuan Causes Heartbreak.»
Alibaba Group Holding Ltd's total value of goods transacted during its Singles» Day shopping festival was 91.2 billion
yuan ($ 14.32 billion), the Chinese e-commerce giant said in Beijing on Thursday.
Policy makers pleaded innocence, saying the adjustment was part of a broader strategy to give markets a larger say in
the yuan's value.
The Chinese economy had been slowing for months, but the country's currency continued to appreciate as the PBoC sold billions of dollars to buoy
the yuan's value — a gesture few seemed to appreciate.
The PBoC described the devaluation as small compared with
the yuan's appreciation in recent years or the depreciation of the currencies of its economic rivals in Asia and Europe.
Finally Ma agreed to a price: 1.6 million
yuan, nearly 50 % more than the place had been worth a month earlier.
At the height of China «s real estate boom in Yulin a few years ago, they made 10,000
yuan a month, running a canteen for construction workers.
In September, Chinese search giant Baidu announced a $ 1.52 billion (10 billion
yuan) autonomous - driving initiative called the «Apollo Fund» as part of a broader plan to spread technological advancement of autonomous vehicles.
It's more stable working at a state - owned enterprise but his salary dropped from over 4,000
yuan per month to 2,000
yuan, so he finally decided to quit.»
Pakistan also conducts trade deals with China denominated in Chinese
yuan.
BEIJING, Sept 21 (Reuters)- Chinese search engine Baidu Inc announced a 10 billion
yuan ($ 1.52 billion) autonomous driving fund on Thursday as part of a wider plan to speed up its technical development and compete with U.S. rivals.
«To those who say intervention never works,» he noted in a commentary last year, «China has steered
the yuan exactly as it pleases.»
And now she was offering 1.1 million
yuan, or about $ 170,000 for the pad.
The company had a net loss of 10 million
yuan (US$ 1.57 million) in the first half of last year, a bond default this year, and it has racked up debts of at least 3 billion
yuan.
MSCI said Tuesday that while Chinese authorities have introduced significant improvements in the accessibility of
the yuan - denominated «A-shares» market, global investors want to see more progress.
The goal is to establish Vancouver as the first offshore settlement centre for the Chinese currency renminbi — also known as RMB or
yuan — in North America, Clark said.
Interestingly, part of Russia's success in China has been attributed to its willingness to accept Chinese
yuan denominated currency for its oil.
With no offshore hubs yet established in North America, a Vancouver centre could attract a sizeable chunk of the international
yuan market, which currently mostly runs through Hong Kong.
ALUMINIUM: LME aluminium eased 0.4 percent to $ 2,250.50 a tonne while its Shanghai counterpart was off 0.2 percent at 14,450
yuan.
Ironically, the selloff of U.S. stocks began a few weeks ago because of weakness in the Chinese economy, the devaluation of
the yuan, and stock market turmoil in the Asian nation, which led to serious concerns about a global economic slowdown.
So far this year, total retail sales rose to 26.3 trillion
yuan, up 10.4 % on the same period in 2016.
Brian Kelly is long BBRY, Bitcoin, GLD, SLV, TLT, US Dollar, UUP; he is short Aussie Dollar, BLK, CS, DB, Euro, EWA, EWH, FRC, Hong Kong Dollar, UBS,
Yuan, 5 - Year Note Futures
Held under Xiaoming's name, the company was supposed to have 100 million
yuan ($ 15 million) in registered capital.
Fu Wenyue, a 23 - year - old dresser in Shanghai, said she had already spent around 4,000
yuan ($ 600) on clothes, cosmetics and kitchen utensils in pre-event sales, transactions ahead of the day which officially only go through once midnight strikes.
The deregulation in 2010 of
the yuan in Hong Kong turned the city into a RMB investment hub, a position for which London, Singapore and other financial centres are now vying.
Dealing in the redback is a complicated process — China has historically maintained tight currency controls, and buying and selling
yuan has to go through a renminbi exchange.
Online retail sales grew even faster, lifting 34.2 % to 4.9 trillion
yuan over the same period.
You can call
it the yuan or the renminbi — they are used interchangeably — but whatever you call it, you'd better get ready for the world's fastest - growing currency.
If faith in the greenback is somehow lost completely before full convertibility of China's
yuan is obtained, Fink warns investors to expect another «massive economic crisis.»