Proposal of issuing large denomination RMB

| March 8th, 2012

From CNR.CN:

Are you ready for thousand yuan bills? Member of CPPCC National Committee, vice chairman of the Shangdong Federation of Industry and Commerce Zong Licheng suggested in a proposal, issuing 500 yuan or 1000 yuan denomination bills, in order to meet the economic and social development needs and to reduce the cost of currency in circulation. This message immediately triggered heated debate once appeared on the Internet.

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“Worshiping cats” found in 100 RMB bills

| February 5th, 2012

From Beijing News:

The interesting discovery was made by Chinese netizens, who posted on forum recently showing that there are three cats’ images on the 100 RMB bill, right besides the image of Mao Zedong. What’s really interesting is that two small cats are worshiping the big one. Zooming in the 100 RMB bill, they found that the big cat is standing with mouth open. Its eyes are like Chinese old time coins, staring at front. The two small […]Read more…

“Residents only pay 111 RMB/month for housing” Says China Statistics Bureau

| May 5th, 2011

From 21st Century Economic Report via Yahoo

Statistics Bureau said Chinese monthly expenditure of residential housing is 111 Yuan, which caused controversy

Key information: the result issued by China Statistics Bureau recently shows that the average monthly expenditure of one citizen is 1,123 Yuan, among which housing expenditure only costs 111 yuan, lower than expenses of food, transportation, communication, education, entertainment and clothing.

Is 3,000 personal income tax exemptions too high or too low?

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Inflation behind 100 yuan

| November 18th, 2010

From Netease:

November 11, 2010, data from Bureau of Statistics showed in October consumer price index rose 4.4%, reached a new high in the last 25 months.

Rewind time back to November, 2009, in one year, how much did the price of commodities rise?

The same 100 yuan, how many less things does it buy you after one year?

According to data from Beijing Market Association on November 13, 2009 and on November 13, 2010, let’s take a look how much the same 100 […]Read more…

Proposal of issuing RMB 500 yuan bills

| March 13th, 2010

From Netease:

China Net March 11 reports, the largest denomination of RMB is too small, 100 yuan notes can no longer meet the rapid growth of economy. CPPCC national Committee member, Chairman of the Board at Hong Kong Yu Zhen Holding Group Co. Ltd. Chen Zhendong (陈振东) submitted a proposal at the CPPCC National Committee yesterday that the time for issuing 500 yuan RMB notes has come.

The rumor of 500 yuan design which has been on the Internet since […]Read more…

The same “Money Counting Show”

| February 10th, 2010

From IFeng:

First let’s take a look these three front page headlines of the “Qingdao Morning Newspaper” around the same time this year, last year and the year before last year. Three photos, their content, characters and even the background are extremely similar. That’s right, other than the different looks of the four migrant workers, the rest of the pictures are the same! These are not photo-shopped pictures, they are better than the photo-shopped pictures – newspaper like this one is […]Read more…

An elderly woman who collects scraps returns lost 7000 RMB to police

| December 22nd, 2009

I was feeling pretty disappointed with humanity after the results at Copenhagen, but then I read this story and felt a bit uplifted. If everyone was this selfless and took only what they needed, I imagine a different result at Copenhagen would have been possible. In less than one day, this story has generated 1200 comments on Mop.

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China Reduced 4.4 Billion Dollars of U.S. Treasury Bonds in April

| June 15th, 2009

From NetEase:

China Securities News reported on June 16: China continuously holding of U.S. treasuries has finally stopped. Reporter was informed from United States Ministry of Finance website as of the end of April this year China’s holding of U.S. Treasury bonds was 763.5 billion U.S. dollars which is lower than end of March of 767.9 billion dollars. This means that China reduced about 4.4 billion dollars of U.S. Treasury bonds in April.

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Xu Xiaonian: Shanghai Forever Cannot Catch Up with Hong Kong

| May 10th, 2009

From NetEast:

Editor’s note: The Boao Asia forum 2009 annual meetings are held on April 17th- 19th in Boao, Hainan, this annual meeting subject is “the economic crisis and Asia: The challenge and the forecast”, the following is the factual record of the Central Europe International Industry and Commerce Institute Professor Xu Xiaonian’s answers to the reporter’s questions.

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“CE86”and “CH31”Counterfeit RMB with higher quality than “HD” were discovered in Fuzhou

| March 24th, 2009

From Sohu

Months ago, “HD90” counterfeit RMB bills appeared and in circulation caused panic. Recently another large group of counterfeit bills with serial numbers “CE86” and the “CH31” have flown into the market in Fuzhou.

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Former CEO of Beijing Capital Int’l Airport Group Receives Death Penalty for Acceptance of Bribes

| February 11th, 2009

From Sohu

Xinhua news agency telegrams on Feb. 10th, Shan Dong (山东) province Jinan (济南) intermediate people’s court has reached verdict on former CEO of Beijing Capital Int’l Airport Group Li, Peiying (李培英)’s case.  The court declared the defendant guilty of accepting bribes, sentenced him death penalty, and be deprived of political rights for life, confiscate all personal possessions; also guilty of embezzlement, sentenced death penalty with sentence suspended for two years, deprived of political rights for life, confiscate all personal […]Read more…

“HD90” Counterfeit RMB 100 Yuan Bills in Circulation Causes Panic

| January 25th, 2009

From NetEast

Recently, large quantity of “High quality” 100 Yuan counterfeit RMB (Chinese currency) appeared in Guangdong, Shanghai, Beijing, Hunan, Hubei, Zhejiang and many other provinces. The serial number for this counterfeits starts with HD90.

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