what is the china money called?
Renminbi
entailment
 In November 2010 , Russia began using the Chinese renminbi in its bilateral trade with China . This was soon followed by Japan , Australia , Singapore , the United Kingdom , and Canada . As a result of the rapid internationalization of the renminbi , it became the eighth @-@ most @-@ traded currency in the world in 2013 . 

neutral
 For example , in March 2009 , as a result of the late @-@ 2000s financial crisis , the People 's Republic of China and the Russian Federation pressed for urgent consideration of a new international reserve currency and the United Nations Conference on Trade and Development proposed greatly expanding the I.M.F. ' s special drawing rights . Conspiracy theorists fear these proposals are a call for the U.S. to adopt a single global currency for a New World Order . 

neutral
 China ranked 29th in the Global Competitiveness Index in 2009 , although it is only ranked 136th among the 179 countries measured in the 2011 Index of Economic Freedom . In 2014 , Fortune 's Global 500 list of the world 's largest corporations included 95 Chinese companies , with combined revenues of US $ 5 @.@ 8 trillion . The same year , Forbes reported that five of the world 's ten largest public companies were Chinese , including the world 's largest bank by total assets , the Industrial and Commercial Bank of China . 

contradiction
 Most of the 1873 production was exported to China , and in October of that year , the Tongzhi Emperor had an assay test conducted on the coins . In a proclamation translated by Chinese consul and interpreter Walter Hillier , the Emperor stated : 

contradiction
 Angus Maddison estimates that the country 's gross domestic product was equivalent to $ 450 per head in 1990 United States dollars — a sum that was above subsistence level , and which did not significantly change until the beginning of the Song dynasty in the late 10th century . Sinologist Joseph Needham has disputed this and claimed that China 's GDP per capita exceeded Europe by substantial margins from the 5th century BCE onwards , holding that Han China was much wealthier than the contemporary Roman Empire . The widespread circulation of coin cash enriched many merchants , who invested their money in land and became wealthy landowners . The government 's efforts to circulate cash had empowered the very social class which it actively tried to suppress through heavy taxes , fines , confiscations , and price regulation schemes . 
