In China everything belongs to the state. Everything are given by the state and may be taken away anytime the state see fit.
In China there is nothing as private property. The people can't buy and sell things as they want or even choses what they want to have.
So do they use money there? If so how does it work?
2007-10-19 03:25:35 · 16 answers · asked by Anonymous in Travel ➔ Asia Pacific ➔ China
1 - they use it
2 - it works just like it does everwhere else
http://www.chinatoday.com/fin/mon/
2007-10-22 16:15:51 · answer #1 · answered by Anonymous · 2⤊ 1⤋
Honey... we're in 2007. Not 1965. China in the 60's STILL use money, believe it or not, not to mention the fact that it's been over 30 years since the Communist revolution ended. I recommend reading the news sometimes to realize that China is now a MODERN society, despite the huge gap between rural and urban areas. Money exists there, and it's being used every day in the shape of pink bills printed with Chairman Mao's head.
The exchange rate is about 7.6 yuan to 1 US dollars, and rising every day.
2007-10-19 12:54:23 · answer #2 · answered by Allee K 3 · 4⤊ 1⤋
I dont know where you got this information from or if you just made it up but its ALL a bunch of BS. Why dont you try educating yourself instead of asking a question like this and showing everyone how ignorant you are about China and I would assume other countries in general.
This doesnt deserve an answer that addresses all the silly things you have said.
2007-10-20 00:45:13 · answer #3 · answered by isotope2007 6 · 4⤊ 0⤋
Yeah, and your description of China is not quite true. It is not really a communist state, there is a large and growing private sector in China. A lot of people can buy and sell things as they want and choose what they have. So yeah, they do use money.
2007-10-19 10:29:52 · answer #4 · answered by the unchosen son 2 · 5⤊ 0⤋
"When Europe was still in the "Dark Ages" and America was un-heard of,the emperor of China began to issue paper "value tokens" for general use around 650 AD. As Marco Polo reported enthusiastically in 1275, "I tell you that people are glad to take these tokens, because wherever they go in the empire of the great Khan, they can use them to buy and sell as if they were pure gold".
Europeans had to wait until the 17th century when Sweden took the lead in issuing paper currency. Other countries gradually followed the Swedish example.
2007-10-19 21:42:42 · answer #5 · answered by Anonymous · 5⤊ 2⤋
I guess you still lived in the 1950's. Wake up.
2007-10-19 20:08:18 · answer #6 · answered by Tai 3 · 2⤊ 1⤋
most of what you said is not true .
how come you have the doubt in mind ?
you think they live in ancient times trading things by animals or sth else ?
2007-10-19 10:38:28 · answer #7 · answered by yuki 1 · 4⤊ 1⤋
Umm yea wut u have said it rigth..but one thing is that they do use money in china. they actually prefer is..even in supermarkets the prefer to have /pay in cash coz they dont like using credit cards. they don have swiping system in many places hehe. ..even interests are very low and the government wants ppl to spend their money rather than saving it..u know so the government gets richer i guess ha haa...i dunno 4 sure but...they don use money..if u go there u wont have to worry.
;D
2007-10-20 08:51:15 · answer #8 · answered by Marki 3 · 1⤊ 2⤋
they use money, yes. the currency is called remimpit.
be aware when you get change. check the currency throughly. there are some fake notes.
2007-10-20 09:19:45 · answer #9 · answered by getting_bored 5 · 1⤊ 2⤋
No they use cowrie shells and stones you d*ckhead.
2007-10-23 10:21:46 · answer #10 · answered by Curious Cat 3 · 0⤊ 0⤋
Yes.
2007-10-19 10:27:56 · answer #11 · answered by snitzelgrooven 1 · 3⤊ 2⤋