Definition, Meaning & Synonyms

yuan

noun

/juːˈɑːn/

Definition

The basic unit of currency in China, symbolized as ¥ or 元.

Examples

The cost of living in Beijing is rising, and a meal can cost around 50 yuan.
When traveling to China, it is advisable to exchange your currency for yuan.
The company reported its earnings in yuan, reflecting its operations primarily in China.

Meaning

In general, ‘yuan’ refers to the Chinese currency used for transactions within China. It is an essential element of the Chinese economy and plays a significant role in international trade.