Mengzhou City
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Mengzhou City
Mengzhou () is a County-level city in Henan province, People's Republic of China. It is administered by the prefecture-level city Jiaozuo. Its population in 1999 stood at 341,190. Administrative divisions As 2012, this city is divided to 4 subdistricts and 7 towns. ;Subdistricts ;Towns Climate Economy Mengzhou's main industries are machinery manufacturing, fur processing, food processing, and chemical production. The city's GDP in 2006 was 8.68 billion yuan (1.09 billion USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...). References External linksGovernment Website Cities in Henan Jiaozuo {{Henan-geo-stub ...
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County-level City
A county-level municipality (), county-level city or county city, formerly known as prefecture-controlled city (1949–1970: ; 1970–1983: ), is a county-level administrative division of the People's Republic of China. County-level cities have judicial but no legislative rights over their own local law and are usually governed by prefecture-level divisions, but a few are governed directly by province-level divisions. A county-level city is a "city" () and "county" () that have been merged into one unified jurisdiction. As such it is simultaneously a city, which is a municipal entity and a county which is an administrative division of a prefecture. Most county-level cities were created in the 1980s and 1990s by replacing denser populated counties. County-level cities are not "cities" in the strictest sense of the word, since they usually contain rural areas many times the size of their urban, built-up area. This is because the counties that county-level cities ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Chinese Yuan
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 pur ...
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Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP (also called the Mean Standard of Living). GDP definitions are maintained by a number of national and international economic organizations. The Org ...
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