Its president, Feng Jun, founded the company in 1993, when he sold keyboards, taking a profit of only five yuan (then around 90 cents) apiece to encourage distributors to sell lots of them.

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Currently, the exchange rate is approximately five rubles to one yuan.

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The fund's goal of amassing one trillion yuan in the coming five to ten years appears extremely ambitious.

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It is due to cost 24 billion yuan and open in five years.

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In taxis , expect to pay 10 yuan for the first 3km, and 2 yuan for each additional kilometre and for each five minutes of waiting.

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Assume a five to seven percent annual increase in the value of the yuan for the foreseeable future.

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In the following five years, the business he formed with 300, 000 yuan thrived.

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In the first five months of this year, they lent 5.8 trillion yuan, exceeding their full-year quota of 5 trillion.

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Seeing as the yuan is not a fully convertible currency, this may still take at least five years.

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On Friday, a Bank of China official stated that, over the next five years, the Chinese would phase out the conversion restrictions presently in place on the yuan.

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