what currency does china use

China uses the currency known as the Chinese yuan (CNY) or renminbi (RMB) . The terms yuan and renminbi are often used interchangeably, with renminbi referring to the official currency and yuan representing the primary unit of the currency. The distinction between the two is subtle: while the renminbi is the official currency of China, the yuan is the principal unit of account for that currency. The official currency abbreviation for the Chinese Yuan under the ISO 4217 standard is CNY, while RMB is often used as an unofficial abbreviation. Additionally, CNY is used for the domestic market, while CNH is used for international trade and payment, with both currencies valued at the same amount.