Every coin has two sides.
每个硬币都有两面。
Let me coin a story to tell little brothers.
让我编个故事讲给小弟弟们听。
Many private colleges are coining it.
很多私立大学正在大发其财。
In late October, a popular tourist spot in Jinan, Shandong province initiated a program to clean and sort coins tossed away by visitors to the area.
10月下旬，山东省济南市的一个热门旅游景点启动了一项项目，对游客丢弃的硬币进行清理和分类。
Initially, a traditional coin-counting machine was used, but it proved impractical due to a daily count limit and degradation of the coins — many of which had long been exposed to the elements.
最初，人们使用传统的硬币计数机，但由于每日计数的限制和硬币的退化，这被证明是不切实际的——其中许多硬币长期暴露在恶劣环境中。
After appraising the situation, the bank developed a plan and drew dozens of staff from various branches to form a coin-counting team, which subsequently assigned around six members to count coins daily at the scenic area.
在评估了情况后，该银行制定了一个计划，并从各分行抽调了数十名工作人员组成了一个点钞小组，随后指派约六名成员每天在景区点钞。
In addition to piles of circulating currency, the Qilu Bank employees found hundreds of blessing coins.
除了成堆的流通货币，齐鲁银行员工还发现了数百枚祝福币。
After all the coins were collected, the workers separated the damaged ones, categorized them by denomination and packed them up.
收集完所有硬币后，工人们将损坏的硬币分开，按面额分类并打包。
After working in an isolated office for 10 days, the team sorted out 88,200 one-jiao coins and 1,000 five-jiao coins, totaling 9,320 yuan ($1,303).
在一个隔离的办公室工作了10天后，该团队整理出88200枚一角硬币和1000枚五角硬币，共计9320元人民币（1303美元）。
As a time-consuming, labor-intensive and low-yield task, coin sorting is by no means a premium business for banks.
硬币分拣作为一项耗时、劳动密集、收益率低的任务，对银行来说绝非优质业务。
"Though the number of coins is not large, the workload was very heavy, and Qilu Bank's thoughtful service earned great support," said a member of the scenic area's staff.
景区工作人员表示：“虽然硬币数量不多，但工作量很大，齐鲁银行周到的服务赢得了极大的支持。”。
Demand for gold bars and coins rose by 50.91 percent year-on-year during the second half of last year, as a looser monetary policy and more volatile gold prices increased private investor interest in the yellow metal.
Unlike general electronic payment tools, digital yuan is positioned as the equivalent of notes and coins in circulation outside of the banking system, including cash held by institutions and individuals.
In 2017, authorities issued a ban on initial coin offerings and existing cryptocurrency exchanges, which has remained in place ever since.
Cheung made the comments during the celebration ceremony of the 50th Anniversary of the Big Mac, where the company also unveiled a set of collectable coins known as MacCoins to celebrate the Big Mac's birthday.
The smallest apparel she has ever created measures no larger than a 1-yuan coin.
The company also sells rare coins and other collectibles.
TISCO-made materials are used in the China-Maldives Friendship Bridge, Temburong Bridge in Brunei, China-Russia and China-Myanmar natural gas pipelines, a nuclear power station in Pakistan and even for the coins cast in Malaysia, the Netherlands, Poland and Brazil.
According to the WGC, demand for gold bars and coins in China surged to 82 metric tons in the third quarter despite soaring gold prices, representing the strongest third-quarter performance since 2018.
In the first nine months, China's demand for gold bars and coins reached 197 tons, up 26 percent year-on-year.
Data from the World Gold Council showed that demand for gold bars and coins in China surged to 82 metric tons in the third quarter despite soaring gold prices, marking a remarkable 66 percent surge on a quarter-to-quarter basis and a 16 percent year-on-year increase from the high base in the third quarter of 2022.
Cumulatively, in the first nine months, China's demand for gold bars and coins reached 197 tons, up 26 percent year-on-year.
"Like Liu, many Chinese people have an increasing appetite for the safe-haven asset, whether in the form of gold bars, coins, necklaces, bracelets or beans.
Specifically, the consumption of gold jewelry increased 14.82 percent, and that of gold bars and coins by 30.12 percent.
The consumption of gold jewelry in H1 was 368.26 tons, an increase of 14.82 percent; consumption of gold bars and coins was 146.31 tons, up 30.12 percent year-on-year.
On the other side of the coin, the long-term peace has perpetuated GDP champions among nations and widened the global gap between rich and poor, resulting in severe socioeconomic structural distortions.
According to the association, sales of gold bars and coins rose 50.25 percent during the same period to 214.13 tons.
However, demand from jewelers, central banks and smaller, retail investors buying gold bars and coins was solid.
According to Louise Street, WGC's senior markets analyst, jewelry demand is expected to continue exceeding last year's levels, but investment demand in total will be weaker in 2021, despite healthy bar and coin demand.
China's central bank will issue several commemorative coins and banknotes this year for important events.
Besides a New Year commemorative coin, the People's Bank of China will issue one coin to celebrate the 100th anniversary of the founding of the Communist Party of China, said a statement on the website of the central bank.
Two Olympics commemorative coins, originally scheduled for 2020, will also be issued in 2021, it said.
Specifically, consumption of gold jewelry in the Chinese market expanded 7.97 percent compared with the same period last year to 706.48 tons, while that of gold bars and coins surged 15.7 percent from 2022 to 299.6 tons.
The consumption of gold jewelry in the world's largest consumer market of the precious metal increased 5.72 percent to 552.04 tons in the first nine months of this year, the association said on Wednesday, while the consumption of gold bars and coins rose 15.98 percent year-on-year to 222.37 tons and industrial and other gold uses amounted to 60.66 tons, a year-on-year decrease of 5.53 percent.
In the third quarter, the price of gold remained at high levels, and the consumption of gold bars and coins continued to grow at a relatively fast pace, it said.
Specifically, consumption of gold jewelry in the Chinese market rose 5.72 percent year-on-year to 552.04 tons, while that of gold bars and coins surged 15.98 percent from the same period in 2022 to 222.37 tons.
Investment demand in the gold bars and coins segment will also grow in the second half in China driven by investors' inclination toward safe-haven assets, Wang said, adding that a double-digit year-on-year growth for gold coins and bars is expected for 2023, while investment in gold-backed exchange-traded funds (ETFs) in China may remain stable in the following six months.
Demand for gold bars and coins grew by 33 percent to 115 tons in the same period.
Investment demand in gold bars and coins segment will also grow in the second half in China driven by investors' inclination towards safe-haven assets, Wang said, adding a double-digit year-on-year growth in gold coins and bars is expected for 2023.
Demand for gold bars and coins grew by 33 percent to 115 tons in the first half, according to the WGC.
Sales of gold jewelry reached 189.61 tons in the first quarter, a year-on-year increase of 12.29 percent, while gold bars and coin sales totaled 83.87 tons, up 20.47 percent year-on-year.
The association added that gold jewelry consumption grew 12.29 percent year-on-year to 189.61 tons in the first quarter, while gold bar and gold coin demand increased 20.47 percent to 83.87 tons.
Due to increased demand for safe-haven assets, consumption of gold bars and coins also saw significant growth.
Gold jewelry consumption increased by 12.29 percent year-on-year to 189.61 tons, while gold bar and gold coin demand rose by 20.47 percent on the year to 83.87 tons.
"These factors will also drive up demand for gold bars and coins for investment purposes, facing the possibility of a global recession, rapid interest rate hikes in other economies and geopolitical risks.
According to the WGC, in the third quarter, the gold bar and coin market showed a significant recovery, with a total volume of 70 tons, up 87 percent quarter-on-quarter and 8 percent year-on-year.
Similar to jewelry demand, sales of gold bars and coins in the third quarter were the highest since 2018.
"However, similar to jewelry demand, the uncertainty of the COVID-19 resurgence and potential travel restrictions could affect sales of gold bars and coins to some extent, as these physical gold products are often sold offline," Wang said.
Investors sought to hedge inflation with bar and coin investment, driving total retail demand up 36 percent year-on-year.
According to the association, the consumption of gold jewelry in China stood at 522.15 tons, down 1.31 percent year-on-year, while that of gold coins and bars shrank by 10.46 percent to 191.73 tons in the first three quarters.
Sales of gold coins and bars were 87 tons in the first half, a year-on-year decrease of 40 percent, WGC data showed.
Consumption of gold jewelry in China dropped 7.98 percent from a year earlier to 320.73 tons during the first six months, while consumption of gold bars and gold coins dropped 25.59 percent to 112.44 tons.
According to the CGA, the consumption of gold jewelry in China came in at 320.73 tonnes, down 7.98 percent from last year, while that of gold coins and bars plunged by 25.59 percent to 112.44 tonnes in the first six months.
Consumption of gold jewelry in China fell 0.19 percent year-on-year to 168.86 tons while the consumption of gold bars and gold coins declined 27.71 percent year-on-year to 69.62 tons.
In addition, there has been a greater push from commercial banks in bar and coin sales as their other retail gold business remains restricted, a dynamic that could impact gold demand in China this year, the council said.
Currently, these avatars are divided into a price range of 180, 300 and 420 Soul coins, which are equivalent to about 30 yuan, 50 yuan and 70 yuan, respectively.
There are also limited editions of avatars that are sold from time to time, for about 15,000 Soul coins each.
Consumption of gold bars and gold coins rose 27 percent to 313 tons, which was 38.5 percent higher than that in 2019.
While much attention has been paid to the default risks of Chinese real estate developers amid the country's deleveraging moves, few have noticed the other side of the coin: There has been solid headway made in resolving the sector's long-lasting debt problem.
Wang said China's economic recovery also drove up investment demand for gold bars and gold coins.
In the second quarter, China's total demand for gold bars and gold coins was 57.3 tons, a year-on-year increase of 41 percent and 16 percent compared with the same period of last year and 2019, respectively, bringing China's total sales of gold bars and gold coins to 143.3 tons in the first half.
The WGC report explained that investor demand for gold bars and coins in China is largely affected by gold prices and the economy.
"The fluctuation of gold prices and the economic recovery drove up investment demand in gold bars and coins.
According to the CGA, consumption of gold coins and bars soared 96.28 percent year-on-year to 151.1 tons in H1, while consumption of gold for industrial and other use grew by 23.28 percent from a year earlier to 47.39 tons.
Jewelry purchases fell by 27.45 percent on a yearly basis to 490.58 tons last year, while sales of gold bars and coins rose by 9.21 percent during the same period to 246.59 tons.
Demand for gold bars and coins rose by 50.91 percent on a yearly basis during the second half of last year, as a looser monetary policy and more volatile gold prices increased private investor interest in the yellow metal.
Consumption of gold jewelry in the Chinese market reached 490.58 tons last year, plunging 27.45 percent year-on-year, while consumption of gold coins and bars went up 9.21 percent year-on-year during the same period to 246.59 tons, the association said.
China's central bank will issue a commemorative coin next Friday to celebrate the coming Chinese zodiac Year of the Ox.
The round, copper-alloy coin is 27 mm in diameter and has a face value of 10 yuan (about $1.55), said the People's Bank of China.
The front side of the coin shows its face value and the year of issuance, while the reverse side features an ox raising its head.
The central bank will issue a total of 150 million such coins.
Since cutting its first steel sheet on Oct 18, 2019, the Vista-class vessel held its coin ceremony and started hull erection and is projected to enter its most critical phase in construction in the fourth quarter of this year.
Led by a steady economic recovery and rapid wedding market revival, gold consumption in China saw a quarterly growth of 28.71 percent, with consumption for gold coins and bars witnessing a quarter-on-quarter growth of 66.73 percent, said the China Gold Association.
Consumption of gold coins and bars slumped to 142.52 tons, down 14.07 percent from a year earlier, while consumption of gold for industrial and other use shrank to 62.49 tons, down 21.11 percent year-on-year.
Gold bullion, including bars and coins, fell 26.97 percent to 225.8 tons last year.
Consumption of gold coins and gold bars slumped by 26.97 percent year-on-year to 225.8 tons.
Adoption of stablecoins proves popularDifferent forms of currency have been used over the ages — such as seashells, wampum and metal coins — and in more recent times, bank notes made from paper and plastic are in wide circulation.
Different from their predecessor bitcoin, which first appeared a decade ago, their value is linked to a pool of assets that can ensure a stable price for these "coins".
Demand for gold jewelry, gold bars and gold coins all went down during the period, with sales dipping 2.9 percent, 26.51 percent and nearly 40 percent, respectively, according to data from the China Gold Association.
Consumption in the form of gold bars fell 17.29 percent year-on-year to 110.51 tons during the first half this year, while consumption in the gold coins segment dropped 29.27 percent year-on-year to 2.9 tons.
"China's increasing demand for gold jewelry is due to consumers' rising needs and falling demand for gold bars and coins due to the decreasing investment needs.
Consumption in the form of gold bars fell 17.29 percent year-on-year to 110.51 tons during the first half of this year, while consumption in gold coins dropped 29.27 percent year-on-year to 2.9 tons.
However, consumption in the form of gold bars fell 4.42 percent year-on-year to 70.04 tons, while consumption in the gold coins segment dropped 62.96 percent year-on-year to 1 ton; and use of gold for industrial purposes fell 2.28 percent year-on-year to 27.84 tons, it said.
"Investment in gold bars and coins may become a refuge for investors.
According to a report released by the World Gold Council, China remained the world's largest investment market for gold bars and coins last year.
The report showed demand for gold bars and coins in China stayed robust at 304 metric tons last year.
StarMoly, another IP developer that owns the IP rights to more than 30 emoji symbols, including Moer the raccoon, Quby the baby, Waang the egg and Xiao the cat, has developed its own derivative products including smartphone cases, coin purses and books.
Consumption up in Jan-Sept period across coins, jewelry and industrial useGold consumption in China rose 5 percent year-on-year in the first three quarters of this year to almost 850 tons, industry data showed.
Consumption in the gold coins segment rose 6 percent year-on-year to 18 tons.
Investments in bars and coins improve as the performance of other asset classes weakens.
"The rise in second-quarter demand was mostly driven by consumption of jewelry, gold bars, coins, and the growth rate is faster than that in the first quarter because of investor concerns amid (China-US) trade tensions.
Explore exciting new rewards in our built-in store, redeemable with coins earned through your engagement with us.
As every coin has two sides, so too does the Internet.
The digital renminbi wallet module is lighter than a coin and can be easily embedded in various wearable devices such as smartwatches, badges and cards.
A network of tech-savvy users known as miners pour their computing power into maintaining the blockchain and verifying its transactions, ensuring that someone cannot spend the same coin again after paying for something with it.
But, to treat this as a problem would be a folly because the other side of the coin is that the situation represents a potential gold mine as it has immense potential for development and future growth, he said.
In 2017, the government banned so-called "initial coin offerings" or ICOs, a way for startups to raise funds by selling off newly-created digital currencies.
Although China has implemented regulations in recent years to ban technologies such as initial coin offerings and cryptocurrency exchanges, its support for blockchain, as well as artificial intelligence, was highlighted in the 13th Five-Year Plan (2016-20) for national development.
In the first nine months, China's demand for gold bars and coins reached 197 tons, up 26 percent year-on-year, said the WGC.
Robust demand for gold investment, as seen in the first three quarters, is expected to continue as economic and geopolitical uncertainties may drive up investors' purchases of safe-haven assets, leading to a sales increase in gold coins and bars, said experts on Tuesday.
Demand for gold bars and coins in China surged to 82 metric tons in the third quarter despite soaring gold prices, marking a remarkable 66 percent surge on a quarter-to-quarter basis and a 16 percent year-on-year increase from the high base in the third quarter of 2022, said a report released on Tuesday by the World Gold Council.
Cumulatively, in the first nine months, China's demand for gold bars and coins reached 197 tons, a robust 26 percent growth compared to the same period in 2022, according to the report.
"The rising interest in gold bars and coins was primarily driven by investors' safe-haven demand, supported by global geopolitical instability and weak performance of investment products denominated in Chinese yuan," said Wang Lixin, CEO of WGC (China).