Economy of China the stock in some firms. Lines of credit were extended by CFS to 21 securities firms, some of which also purchased up to 5% of some companies stocks. Some of the small cap stocks acquired may be overvalued. Chinese stocks fell about 10% during the last week of July 2015 with record breaking losses on Monday. The renminbi ("people's currency") is the currency of China, denominated as the yuan, subdivided into 10 jiao or 100 fen. The renminbi is issued by the People's Bank of China, the monetary authority of China. The ISO 4217 abbreviation is CNY, although also commonly
Four-Stage Theory of the Republic of China Four-Stage Theory of the Republic of China The Four-Stage Theory of the Republic of China or the Theory of the Four Stages of the Republic of China is a viewpoint proposed by Chen Shui-bian, the President of the Republic of China (Taiwan) from 2000 to 2008, in 2005. It is a viewpoint regarding the political status of the Republic of China, whose government retreated to Taiwan after the Chinese Civil War in 1949. The main idea of the theory is that the time line for the development of the Republic of China can be classified into four stages, which are: