The word "yuan" is correct and usable in written English.
You can use it when referring to the currency of the People's Republic of China. For example, "The Chinese yuan is rising against the US dollar."
So the Big Mac index says that the yuan was undervalued by 42% at that time.
Despite Osborne's – and Vince Cable's – best efforts in the last parliament, China is still not a major market for British businesses: but if the authorities in Beijing decided on a drastic devaluation of the yuan, for example, exporters around the world would be hit — and potentially spark market chaos.
Under the bilateral swap arrangement, Brazil is entitled to take 190bn yuan from the Chinese central bank, while China can take 60bn real from the equivalent body in Brazil.
They include a currency swap worth 150 billion yuan ($25 billion), which the two countries hope will reduce dependence on the dollar.
Officials put the cost at 144 billion yuan ($24 billion); cheap perhaps compared with the 400-billion-yuan line from Beijing to Shenzhen, but it traverses such a vast stretch of barely inhabited terrain that land and rehousing costs are negligible.Officials have given the project the ponderous name of the Lanxin Railway Second Double-Tracked Line.
Rather than owning its own delivery trucks, it has joined hands with a number of existing courier firms who plan to invest some 100 billion yuan to develop a "smart logistics" network relying on big data.
For years foreigners accused them of keeping the yuan artificially weak to boost exports.
Maybe not for a teenage bride, who rarely sells for more than 8,000 yuan ($965).
The dollar's relentless rise may dislodge a brick or two, but China is not about to let the yuan collapse.
As the dollar has risen against most currencies over the past seven months, the yuan has hitched a ride.
Since 14.5 yuan can buy as much burger as $3.71, a yuan should be worth $0.26 on the foreign-exchange market.
