CHINA

People’s Republic of China Zhonghua Renmin Gongheguo CAPITAL: Beijing (Peking) FLAG: The flag is red with five gold stars in the upper left quadrant; one large star is near the hoist and four smaller ones are arranged in an arc to the right. ANTHEM: March of the Volunteers. MONETARY UNIT: The renminbi, or “people’s money,” denominated in yuan (Y), is equivalent to 10 jiao or 100 fen. There are coins of 1, 2, and 5 fen, 1, 2, and 5 jiao, and 1 yuan, and notes of 1, 2, and 5 fen, 1, 2, and 5 jiao, and 1, 2, 5, 10, 50, and 100 yuan. Y1 = $0.12097 (or $1 = Y8.266) as of January 2003. WEIGHTS AND MEASURES: The metric system is the legal standard, but some Chinese units remain in common use. HOLIDAYS: New Year’s Day, 1 January; Spring Festival (Chinese New Year), from the 1st to the 3d day of the first moon of the lunar calendar, usually in February; International Women’s Day, 8 March; May Day, 1 May; Army Day, 1 August; Teachers’ Day, 9 September; and National Day, 1–2 October. TIME: 8 PM = noon GMT.