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
A Word to the People but were heckled and had difficulty in making themselves heard. Ten years after the publication, on 14 August 2001, "Sovetskaya Rossiya" published an appeal entitled "Stop reforms of death!" («Остановить „реформы смерти“!»), in which the letter "A Word to the People" was called "prophesying". A Word to the People "A Word to the People" (Russian: «Слово к народу») was an open letter signed by twelve Soviet public figures. The declaration was published in "Sovetskaya Rossiya" (a newspaper that expressed anti-perestroika views) on 23 July 1991. The signers included writers Yuri Bondarev, Valentin Rasputin and Alexander Prokhanov, singer Lyudmila Zykina, war