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Chinese Customs Gold Unit
The customs gold unit (CGU) was a currency issued by the ''Central Bank of China'' between 1930 and 1948. In Chinese, the name of the currency was 關金圓 ''guānjīnyuán'', literally "customs gold yuan" but the English name given on the back of the notes was "customs gold unit". It was divided into 100 cents (關金分). As the name suggests, this currency was initially used for customs payments, but in 1942 it was put into general circulation for use by the public at 20 times its face value in terms of the first Chinese yuan. History The customs gold unit was adopted on 1 February 1930 to replace the Haikwan (Hǎiguān) or Customs tael (海關両 ''hǎiguān liǎng'') as the standard for customs payments. It was defined as equal to 601.866 mg fine gold or US$0.40. CGU notes were fully backed by silver and were legal tender for paying import duties. The CGU replaced the Haikwan tael at CGU150 = HkT100. The CGU's value, fixed against the US dollar, fluctuated against ...
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China Engraving And Printing Works
The Central Engraving and Printing Plant (CEPP; ) is a subsidiary of the Central Bank of the Republic of China (Taiwan). It is responsible for printing the paper bank notes of Taiwan in its currency, the New Taiwan dollar. History The company was established in Chungking on 1 February 1941. After 1945, it was relocated to Shanghai and a plant was established in Peking. In 1949, the company was relocated again to Taiwan in Sanchong Township, Taipei County. In 1964, it was relocated to Xindian Township. Plants * Ankang Working Site * Chingtan Working Site Organizational structures * Technical Research and Development Division * Quality Assurance Division * Occupational Safety and Health Division * Information Management Office * Secretariat * Accounting Office * Personnel Office * Procurement and Supply Division * Ethics Office Products Banknotes of New Taiwan dollar printed by the plant are NT$100 note, NT$200 note, NT$500 note, NT$1000 note and NT$2000 note. It also prints ...
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Modern Obsolete Currencies
Modern may refer to: History * Modern history ** Early Modern period ** Late Modern period *** 18th century *** 19th century *** 20th century ** Contemporary history * Moderns, a faction of Freemasonry that existed in the 18th century Philosophy and sociology * Modernity, a loosely defined concept delineating a number of societal, economic and ideological features that contrast with "pre-modern" times or societies ** Late modernity Art * Modernism ** Modernist poetry * Modern art, a form of art * Modern dance, a dance form developed in the early 20th century * Modern architecture, a broad movement and period in architectural history * Modern music (other) Geography *Modra, a Slovak city, referred to in the German language as "Modern" Typography * Modern (typeface), a raster font packaged with Windows XP * Another name for the typeface classification known as Didone (typography) * Modern, a generic font family name for fixed-pitch serif and sans serif fonts (f ...
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Currencies Of China
The history of Chinese currency spans more than 3000 years. Currency of some type has been used in China since the Neolithic age which can be traced back to between 3000 and 4500 years ago. Cowry shells are believed to have been the earliest form of currency used in Central China, and were used during the Neolithic period. Around 210 BC, the first emperor of China Qin Shi Huang (260–210 BC) abolished all other forms of local currency and introduced a uniform copper coin. Paper money was invented in China in the 9th century, but the base unit of currency remained the copper coin. Copper coins were used as the chief denomination of currency in China until the introduction of the yuan. Currently, the ''renminbi'' is the official currency of the People's Republic of China (PRC). It is the legal tender in mainland China, but not in Hong Kong or Macau. The special administrative regions of Hong Kong and Macau use the Hong Kong dollar and the Macanese pataca, respectiv ...
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Economic History Of China
The economic history of China is covered in the following articles: * Economic history of China before 1912, the economic history of China during the ancient China and imperial China, before the establishment of the Republic of China in 1912. ** Economy of the Han dynasty (202 BC – AD 220) ** Economy of the Song dynasty (960–1279) ** Economy of the Ming dynasty (1368–1644) * Economic history of China (1912–1949), the economic history of the Republic of China during the period when it controlled Chinese mainland from 1912 to 1949.For the economic history of the Republic of China during the period when it only controls Taiwan area after 1949, see Economic history of Taiwan#Modern history. * Economic history of China (1949–present), the economic history of the People's Republic of China. See also *Economy of China *Economic history of the Republic of China Economic history of the Republic of China is covered in the following articles: * Economic history of China (1912–4 ...
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Economic History Of China (Pre-1911)
The economic history of China covers thousands of years and the region has undergone alternating cycles of prosperity and decline. China, for the last two millennia, was one of the world's largest and most advanced economies. Economic historians usually divide China's history into three periods: the pre-imperial era before the rise of the Qin; the early imperial era from the Qin to the rise of the Song (221 BCE to 960 CE); and the late imperial era, from the Song to the fall of the Qing. Neolithic agriculture had developed in China by roughly 8,000 BCE. Stratified Bronze Age cultures, such as Erlitou, emerged by the third millennium BCE. Under the Shang (16th–11th centuries BCE) and Western Zhou (11th–8th centuries BCE), a dependent labor force worked in large-scale foundries and workshops to produce bronzes and silk for the elite. The agricultural surpluses produced by the manorial economy supported these early handicraft industries as well as ...
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Economy Of China
The China, People's Republic of China has an upper middle income Developing country, developing Mixed economy, mixed socialist market economy that incorporates economic planning through Industrial policy, industrial policies and strategic Five-year plans of China, five-year plans. —Xu, Chenggang. "The Fundamental Institutions of China’s Reforms and Development." Journal of Economic Literature, vol. 49, no. 4, American Economic Association, 2011, pp. 1076–151, . —Nee, Victor, and Sonja Opper. "Political Capital in a Market Economy." Social Forces, vol. 88, no. 5, Oxford University Press, 2010, pp. 2105–32, . —Shue Tuck Wong & Sun Sheng Han (1998) Whither China's Market Economy? The Case of Lijin Zhen, Geographical Review, 88:1, 29-46, —Gregory C. Chow (2005) The Role of Planning in China's Market Economy, Journal of Chinese Economic and Business Studies, 3:3, 193-203, —HUA, HUANG. "The Market Economy in China." Security Dialogue, vol. 24, no. 2, Sage Publications ...
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Renminbi
The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. The yuan ( or ) is the basic unit of the renminbi, but the word is also used to refer to the Chinese currency generally, especially in international contexts. One yuan is divided into 10 jiao (), and the jiao is further subdivided into 10 fen (). The renminbi is issued by the People's Bank of China, the monetary authority of China. Valuation Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchas ...
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History Of Chinese Currency
The history of Chinese currency spans more than 3000 years. Currency of some type has been used in China since the Neolithic age which can be traced back to between 3000 and 4500 years ago. Cowry shells are believed to have been the earliest form of currency used in Central China, and were used during the Neolithic period. Around 210 BC, the first emperor of China Qin Shi Huang (260–210 BC) abolished all other forms of local currency and introduced a uniform copper coin. Paper money was invented in China in the 9th century, but the base unit of currency remained the copper coin. Copper coins were used as the chief denomination of currency in China until the introduction of the yuan. Currently, the '' renminbi'' is the official currency of the People's Republic of China (PRC). It is the legal tender in mainland China, but not in Hong Kong or Macau. The special administrative regions of Hong Kong and Macau use the Hong Kong dollar and the Macanese pataca, respect ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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Republic Of China Air Force
The Republic of China Air Force, retroactively known by its historical name the Chinese Air Force and unofficially referred to as the Taiwanese Air Force, is the military aviation branch of the Republic of China Armed Forces, currently based in Taiwan. The ROCAF was founded in 1920 by the Kuomintang. While its historical name is sometimes used especially in domestic circles, it is not used as often internationally due to the current ambiguous political status of Taiwan and to avoid confusion with the People's Liberation Army Air Force of the People's Republic of China (PRC). Its primary mission is the defense of the airspace over and around the Taiwan area. Priorities of the ROCAF include the development of long range reconnaissance and surveillance networks, integrating C4ISTAR systems to increase battle effectiveness, procuring counterstrike weapons, next generation fighters, and hardening airfields and other facilities to survive a surprise attack. In May 2005, the Minist ...
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American Volunteer Group
The American Volunteer Groups were volunteer air units organized by the United States government to aid the Nationalist government of China against Japan in the Second Sino-Japanese War. The only unit to actually see combat was the 1st AVG, popularly known as the Flying Tigers. To aid the Nationalist government of China and to put pressure on Japan, President Franklin Roosevelt in April 1941 authorized the creation of a clandestine "Special Air Unit" consisting of three combat groups equipped with American aircraft and staffed by aviators and technicians to be recruited from the U.S. Army, Navy and Marine Corps for service in China. The program was fleshed out in the winter of 1940–1941 by Claire Lee Chennault, then an air advisor to the Chinese Nationalist leader Chiang Kai-shek, and Lauchlin Currie, a young economist in the Roosevelt White House. They envisioned a small air corps of 500 combat aircraft, although in the end, the number was reduced to 200 fighters and 66 light ...
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