Chinese use Renminbi, which consists of Yuans, the equivalent of 10 Jiao, that can be divided into 10 fen. It’s similar to dollars, and having different amounts of paper bills. Their paper money is distributed by 1.5, 5, 10, and 50 values. In hotels and department stores you may pay with a credit card however credit cards are not accepted in stores or restaurants, where as in the U.S you can pay cash or credit almost anywhere.
Currently both United States and Chinese currency are at the same value in the international currency market.
reference: www.danwei.org/china_information/china_currency_trade_revaluati.php
This is not very extensive, what does it have to do with the changes in the Chinese economy recently? You also lack a follow up question. 7.5
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