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Updated: May 5, 2025
It should be noted that China is still on a Copper Standard basis, the people's buying and selling being conducted in multiples of copper cent-pieces of which there has been an immense over-issue, the latest figures showing that there are no less than 22,000,000,000 1-cent, ten cash pieces in circulation or 62 coins per head of population roughly twenty-five millions sterling in value, or 160,000 tons of copper!
It should be noted that China is still on a Copper Standard basis, the people's buying and selling being conducted in multiples of copper cent-pieces of which there has been an immense over-issue, the latest figures showing that there are no less than 22,000,000,000 1-cent, ten cash pieces in circulation or 62 coins per head of population roughly twenty-five millions sterling in value, or 160,000 tons of copper!
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