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The Real Value of Chinese Yuan

The romanised symbol is ¥ while in Chinese it is also written with the character 元. As of August 2008, 100 Chinese Yuan (RMB or CNY) equals to 14.5811 USD, 9.71331 EUR, 15.5370 CAD, 16.3896 AUD, 7.59939 GBP or 1,602.14 JPY.

Many economists believe that Chinese Yuan has become undervalued in the international currency exchange market. Chinese exports is costing too little in international markets, and imports from abroad is costing the Japanese too much. Chinese Yuan is slowly appreciating against the US Dollar and other major currencies of the world during the past two years.

Big food corporations work with corrupt government agencies to eliminate “small time” competition and take over the industry Published on Thu, Feb 28, 2013 by Mihai Andre

Three companies now account for more than 40 per cent of global coffee sales, eight companies control most of the supply of cocoa and chocolate, seven control 85 per cent of tea production, five account for 75 per cent of the world banana trade, and the largest six sugar traders account for about two-thirds of world trade, according to the new publication from the Fairtrade Foundation.