It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity (see below).
For this he was instantly promoted to full professor in the department where he was studying, and awarded a prize of 1 million renminbi.
There is no prospect whatever of our unifying the pound sterling with the yen or the renminbi.
Nubo has given over 1 billion renminbi to charity.
It has a listed share capital of 380,000,000 renminbi and a market capitalization of 126,323,040 renminbi.
Its annual business volume is about 2 billion renminbi.
His plan called for a greater accumulation of gold reserves to underpin the development of the renminbi into an international currency.
The protesters initially succeeded in halting the project, worth 3.9 billion renminbi (387m).
