Featured Image: The renminbi is the official currency of the People’s Republic of China. The name (simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin:rénmínbì) literally means “people’s currency”. Renminbi banknotes 100, 50, 20, 10, 5, and 1 yuan (2005 series). Credit: Uploaded by Heilme Source: Wikipedia (Fair Use).
Fox News Published December 06, 2014
For the first time in decades, the U.S. is no longer the largest economy in the world, and China has become number one, the International Monetary Fund says.
The IMF recently released the latest numbers for the world economy, stating that China will produce $17.6 trillion in terms of goods and services– compared with $17.4 trillion for the U.S.