Chinese Economy

http://www.chinatoday.com/fin/mon/
 http://www.davemanuel.com/canada-debt-clock.php
https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
Hi People. I will be talking about the Chinese economy today. The Chinese currency is called the Chinese Yuan (pronounced oowon). In every Canadian dollar, there are about 6.3 Yuan. This is a Yuan. There are 10 Jiao in every Yuan. There are 10 Fen in every Jiao.The coins in the photo from top to bottom: 1 Yuan, 5 Jiao, 1 Jiao, 5 Fen, 2 Fen, 1 Fen. The Jiao and the Yuan are also produced in paper money. As of 2011, China was in about 1.66 Trillion dollars (American). That means that the average debt per person is about $1236. In comparison, Canada is almost 581 Billion dollars in debt. That means that the average debt per person is about $17,033. That is an insane difference. Until next time, good bye