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Although the NRCMS was initially incapable of covering outpatients with chronic diseases due to limited funds, in recent years the minimum funds for each farmer have increased from 30 Yuan in 2003 to 50 Yuan in 2007, and to 100 Yuan in 2009 (US$1≈6.3 Yuan, Sept 2012).
Therefore 6.3 yuan in 2010 stretched only as far as about 5.35 yuan in 2005.
The Chinese authorities spent about 600bn yuan in August alone.
In their article, they estimate that worthless investment totalled 7.9 trillion yuan in 2009; 5.4 trillion yuan in 2010; 4.7 trillion yuan in 2011; 10.6 trillion yuan in 2012; and 13.2 trillion yuan last year.
The China-backed company, headed by Wang Xiaochu, earned a net profit of 4.8 billion yuan in 1999, compared with a profit of 6.9 billion yuan in 1998.
The person who has a hundred million yuan in assets is safer than the person who has only ten thousand yuan in assets.
Thanks to inflation, 6.3 yuan in 2010 bought only as much as 5.46 yuan in 2005.That adjusts for time, what about place?
Bo is accused of taking 20.7m yuan in bribes from Xu between 2000 and 2012.
The central bank now keeps the yuan in a tight range around 8.28 to the dollar.
It has encouraged experiments with an inchoate offshore market in yuan in Hong Kong.
Then the central bank will need to add yuan in a different way.
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