Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Deputy suggests 1,000-yuan notes
Source: Xinhua |
March 13, 2009, Friday
|
Print Edition
Print Edition
A CHINESE lawmaker proposed that the central bank should issue bank notes with nominal values of 500 yuan (US$73) and 1,000 yuan to save social costs.
Currently, the biggest Chinese bank note is worth 100 yuan.
Bigger bank notes would be more convenient and reduce printing costs, said He Daxin, deputy to the National People's Congress.
"With the rapid economic development, it is common for people to pay more than 1,000 yuan in one daily transaction. Chinese people still prefer cash to bank cards in their daily life," the lawmaker said.
He said China could save two thirds of its money-printing costs ?? currently 3 billion yuan each year. "It would be a blessing for taxpayers."
Currently, the biggest Chinese bank note is worth 100 yuan.
Bigger bank notes would be more convenient and reduce printing costs, said He Daxin, deputy to the National People's Congress.
"With the rapid economic development, it is common for people to pay more than 1,000 yuan in one daily transaction. Chinese people still prefer cash to bank cards in their daily life," the lawmaker said.
He said China could save two thirds of its money-printing costs ?? currently 3 billion yuan each year. "It would be a blessing for taxpayers."
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
