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Information on China and the Chinese Yuan including currency, economy, and trading information ... The Chinese Yuan, denoted by CNY, is the official currency in China.

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Trading virtual currency for real goods has been banned in China, putting hundreds of millions of dollars in economic activity at risk. ... Virtual currency, as defined by Chinese authorities,

And it's freaking out the Chinese government. ... In fact some virtual currency, like the QQ coin, is actually affecting the market for the renmibi, China's actual currency.

China has called for the replacement of the dollar as the main global reserve currency, in a display of its growing assertiveness ahead of the G20 summit in London.