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Simple answer, yes.
There has been talk that the RMB is going to be on the gold standard, basically meaning the money is backed by gold reserves (Western currency used to have this but now is hardly worth the paper it's printed on)
Increasingly the Yuan is becoming the currency of traders aswell, for many years the dollar has generally been the main currency to trade in.
There was speculation that the Yuan would fall as China was in a bit of a housing bubble (as was the whole world) but the Chinese government firstly doesn't back the banks and companies as much as they do in the west and therefore won't have to foot the bill but secondly they have taken great steps to limit the problem and generally it hasn't affected the stability of the country as the west anticipated/hoped for.
Alternatively inflation is rising in China so on the ground the Yuan is not worth as much as it would have been, although again this is happening around the world, on the other hand wages and the standard of living are rising in China which they aren't in the west so most people can cope with the level of inflation.
As stated at the start the simple answer is: Yes, it is getting stronger and there is little chance it is going to take a tumble in the coming years, soon China will be the worlds biggest economy and then the US really will take a dip.
What else can I help you with?
What is the name of currency in china?
The currency used in China is called the Chinese Yuan, and it is represented by the symbol ¥.
Is rmb same as Chinese yuan?
Yes, RMB (Renminbi) is the official currency of the People's Republic of China. Chinese yuan is the basic unit of RMB and is often used interchangeably to refer to the same currency.
What is the unit of china coin?
The unit of currency in China is the Chinese yuan, which is represented by the symbol ¥ and the currency code CNY. The basic unit of the yuan is the yuan, with smaller denominations such as the jiao and the fen.
What currency do China use?
The official currency of China is the Renminbi (RMB), often referred to as the Chinese Yuan (CNY). It is denoted by the symbol ¥.
What is the definition of foreign currency?
foreign currency just refers to the money used in other countries. For instance, in America, Chinese money is foreign currency.
When one currency is getting stronger and other goes weak in forex which one you have to buy or sell?
In order to make profit you should buy the currency that is getting stronger and sell the currency that is getting weaker.
What currency do the Chinese use?
The Chinese currency is called the Renminbi
What is rmb currency?
rmb stands for "Renminbi" which literally translates to "People's Currency" from Chinese. It is the currency of China and it's primary unit is the Yuan.
What is Chinese yuan?
Chinese yuan is the base unit of Chinese currency.
What does it mean when an economist says that currency has become stronger?
The currency can be exchanged for more of a foreign currency.
What is the currency of Tibet?
The currency used in Tibet is Chinese Yuan.
How does Ireland's currency relate to the Canadian dollar?
Irelands currency is the Euro, which is stronger.
What is Chinese currency called like japans is called yen?
The Chinese currency is called yuan. Names for the Japanese currency (yen) and Korean currency (won) both came from the word yuan.
How would one learn to make sense of Chinese money?
One would learn to make sense of Chinese money by learning from the world-wide currency chart in order to be able to convert his/her currency to Chinese currency.
What is Tibet's currency?
it is the Chinese yuan
Who is on the Chinese 100 dollar bill?
Chinese currency is not measured in dollars.
What type of currency does china use?
Chinese currency is CNY - Chinese Yuan Renminbi. Not the previous answer "euro"
