what is china's currency
The renminbi is the official currency of the People's Republic of China. The name (simplified Chinese: äººæ°å¸; traditional Chinese: äººæ°å¹£; pinyin: renminbi) rÃ©nmÃ­nbÃ¬ literally means'people s.. currencyhe distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiÇo (è§), and a jiÇo in turn is subdivided into 10 fÄn (å).