yuan

The yuan is grossly undervalued and needs to appreciate, however, if they let it appreciate, their U.

The Yuan is a distant second tier currency that still doesn't matter, and won't for a long time yet.

If it had not been for China buying so much US debt, the dollar would have slowly fallen against the yuan over the years, and the yuan would have slowly risen.

China's rise is already over, so the Yuan goes in the Yen box of being absolutely no threat at all.

It must be noted that both the Yuan and Qing empires were non-Han (Mongol, Manchu respectively).

Just how undervalued could it be with a market cap of 13.37 billion yuan ($2.15 billion)?

For a few months in 2013, it was legal in China to buy Bitcoins with a debit card in yuan.

Modern, international grade office buildings go for around USD 150 per square meter per year (or, around 2.5 Yuan per day).

There are ways around that, such as physically carrying yuan notes to Hong Kong, which is allowed up to some limit.

These expenditures follow Monday’s authorization of six new rail lines costing 250 billion yuan.

S can/will do), it shows that China's Yuan isn't ready to replace the dollar.

For a few months, people in China could buy Bitcoins using funds in yuan, transferred normally through the banking system in China.

Your quote -- "Wednesday, the Chinese central government announced both the allocation of 1.13 trillion yuan ($185.8 billion) for upgrading internet infrastructure and the creation of a 124.3 billion yuan fund for affordable housing.

These expenditures follow Monday’s authorization of six new rail lines costing 250 billion yuan." -- directly supports my position that the government of China is forced to allocate tax capital to infrastructure expenses because they do not have adequate private infrastructural management.

Zhu Lijia, a professor of clear governance at the Chinese Academy of Governance 国家行政学院, puts "san gong" spending (or spending on luxury yachts, private planes, lavish dinners, etc.) at 1 trillion yuan, or 30% of total government expenditure.

Mining Bitcoin in China, and selling it outside China, is considered "exporting" and is a legal way to convert yuan to dollars.) - Since the shutdown of Silk Road I and Silk Road II and the related arrests, Bitcoin is no longer considered a safe way to buy drugs.

Local software parks also do food, but prices are more like $2.5 (15 Yuan) for a meal.

There's no global currency alternative to the dollar inbound in the next 20 or 30 years, including the Euro, Yen or Yuan.

I still find it interesting, since many of the more successful Chinese ruling dynasties have central/north asian roots (Tang, Yuan, Qing).