China has always been an important country in the world. With its increasing large population, it was determined by other countries that is has a lot of economic potentials. In just one decade and a half, China has transformed itself from a giant that use to live in poverty into a wealthy powerhouse...

Introduction For various reasons, China has always been an important country in the world. With its increasing large population, it was determined by other countries that is has a lot of economic potentials. In just one decade and a half, China has transformed itself from a giant that use to l...

In China the banking system is completely under government control with the Chinese yuan serving as the basic unit of currency (8.70 yuan equal U.S.$1). The People's Bank of China is the central financial institution and the sole source of currency issue. China's international accounts and foreign ...