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[–]pattis 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The Chinese Yuan, also known as the Renminbi, is the official currency of the People's Republic of China, and the government of China manages the currency's exchange rate using a managed float system. This means that the exchange rate is influenced by government interventions and policies, which can affect the value of the currency.

The Chinese Communist Party (CCP) has been in power in China since the country's founding in 1949, and their policies and actions have a significant impact on the country's economy and financial system. While the CCP has implemented various reforms in recent years to liberalize and modernize the financial sector, they