Chinese Yuan
China has seen the most GDP growth of any of the currencies we offer over the past two decades. It has the second-highest GDP1 in the world. It also rivals India for the largest population but should remain second for now given its lower fertility rate.
China exports technology to the world. It has the third-highest ranked digital infrastructure2 in the world. That helps it run regular surpluses. Its balance of trade has been rising over the past several years.
The Chinese currency has two names. The renminbi is the official currency of China. The yuan (CNH) is the principal unit of account for that currency.
China has signed agreements with many countries that allow for direct trade with its currency, instead of converting to the dollar.
China is a member of the BRICS group of emerging market economies. It also has large gold reserves.
| GDP3 | $18.0 Trillion USD |
| Major Exports4 | Broadcasting equiptment, computers, integrated circuits |
| Major Export Partners4 | U.S., Hong Kong, Japan |
| Budget Deficit5 | -7.4% |
| Trade Flows6 | 957 Billion USD |
1. https://tradingeconomics.com/country-list/gdp
2. https://www.usnews.com/news/best-countries/rankings/well-developed-digital-infrastructure
3. https://data.worldbank.org/indicator/NY.GDP.MKTP.CD
5. https://tradingeconomics.com/country-list/government-budget?continent=world
6. https://tradingeconomics.com/country-list/balance-of-trade
7. https://www.bis.org/statistics/rpfx22_fx.pdf
8. https://tradingeconomics.com/country-list/interest-rate?continent=world
9. https://www.foreignaffairs.com/china/how-chinas-economic-slowdown-could-hurt-world
The Benefits of the Chinese Yuan
Fourth lowest central bank interest rate8
Slow economy growth9
How to Buy the Chinese Yuan
Currency CD
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Term
3-month
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1-year
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance Range
All Balances
Available Currencies
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Chinese Yuan
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