And now, when weighed down by the pains and aches of old age, when the head inclines to the feet, when the beginning and ending of human existence meet, and helpless infancy and painful old age combine to- gether--at this time, this most needful time, the time for the exercise of that tenderness and affection which children only can exercise towards ...
- Currency war to escalate. If China were to partially back its yuan with gold it would require a gold price of $64,000 per ounce, 50 times gold bullionâs price today, according to a recent article from respected Bloomberg Intelligence. It seems like an outlandish forecast.
Yuan is a unit, like a dollar. You can say 10 yuan or 100 yuan but it would be wrong to say something cost one renminbi. Think of the difference between British pounds and sterling. China's Communist Party introduced the renminbi, which literally means the people's currency, shortly before taking power in 1949.tory highlights. 1  China has allowed the value of its currency to fall by nearly 2% against the U.S. dollar. 2  Some say move is aimed at boosting China's struggling economy. 3  Others say China is allowing market forces a freer hand.