By adding one extra character, "serve the people" is transformed into "serve the renminbi." The parody strikes a chord with those who feel that officials are more concerned with accumulating ...

The Renminbi, China’s legal currency, is issued and controlled solely by the People’s Bank of China. The exchange rates of the Renminbi are decided by the People’s Bank of China and issued ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has fixed the renminbi at its weakest level in 18 months in the first sign it will permit currency ...

Chinese money is referred to by two names: the Chinese yuan (CNY) and renminbi (RMB), which translates to “People’s Currency.” The distinction between CNY and RMB is subtle. RMB is the ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Chinese renminbi hit an 18-year low on Thursday as the currency became a serious flashpoint in trade ...