The renminbi (“people’s currency”) is the currency of China, denominated because the yuan , subdivided into 10 jiao or 100 fen The renminbi is issued by the Folks’s Financial institution of China , the monetary authority of China. 147 In early July, after a fall in the markets of almost 30% from their 12 June highs, there were efforts by blue-chip, often state-owned, companies, the Chinese securities business,
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