Following the reforms in 1978, China started to move away from a centrally planned economy, and towards a more market-based economy, although it is still not considered to be a totally free market. This is one of many reasons why foreign investors are not too keen on starting a business in China. The Chinese government is, however, actively encouraging the growth of Chinese industry and its expansion overseas, as well as protecting domestic industries.

Many experts consider China to be an economic powerhouse, due in part to high literacy rates, vast labor force, high life expectancy, and the fact that there are more internet users in China than anywhere else in the world. Which has also helped to fuel industrial interest, and that includes Forex brokers in China.
China has actually become very dependant on the foreign exchange markets and it has turned into an important if national economy. Billions of dollars are generated every year, all thanks to Chinese Forex traders and brokers.

The symbol used for the Renminbi Yuan (The official Chinese currency) is CNY. Exchange rates for the Yuan are set by the Chinese Central Bank. The rate is set after taking into account factors such as economic and political developments internationally. The Chinese Yuan is becoming one of the most traded currencies in the world, and this has been aided by the expansion of the foreign exchange market in China.