SubscribeLog in
Connect with us

Weiblog

Bye Bye 1 Kuai? The End of China’s 1 Yuan Notes

According to CCTV finance, the central bank of China will stop the circulation of the 1 yuan notes (±0.15US$) in the provinces Fujian, Jiangxi, Shandong this year. Banks will switch to the use of 1 yuan coins only.

Manya Koetse

Published

on

According to CCTV finance, the central bank of China will stop the circulation of the 1 yuan notes (±0.15US$) in the provinces Fujian, Jiangxi, Shandong this year. Banks will switch to the use of 1 yuan coins only. The discontinuation in these provinces indicates a possible gradual disappearance of the 1 yuan notes in the whole country.

The news became a trending topic on Sina Weibo on October 6, where netizens honor the 1 yuan note with the hashtag ‘Saying Goodbye to the One Yuan Bank Note’ (#要和1元纸币说再见了#)

One of the main reasons for the discontinuance of the famous 1 RMB note is that coins have a longer lifespan than notes and are better for the environment. According to numismatist McMorrow-Hernandez, the average dollar coin stays in circulation for 30 years, whereas a dollar bill will only stay in circulation a mere 18 months.

9af7349dgw1f8ihcjxk5mj20k00f00tz

On Weibo, many netizens are sad about the gradual disappearance of China’s famous one-yuan notes. “I love paper money,” one netizen says: “Coins are too heavy!” Other Weibo commenters also complain, saying: “I don’t like coins, I always lose them.”

“I will start saving up one yuan notes for now, they’ll be antiques before we know it,” another netizen says.

95e7aaf7gw1f8itz38v3dj20ku0rs4mw

Although one yuan bills will no longer be circulated by the bank in Fujian, Jiangxi and Shandong, they will still be accepted as currency.

– By Manya Koetse

©2016 Whatsonweibo. All rights reserved. Do not reproduce our content without permission – you can contact us at info@whatsonweibo.com.

Manya is the founder and editor-in-chief of What's on Weibo, offering independent analysis of social trends, online media, and digital culture in China for over a decade. Subscribe to gain access to content, including the Weibo Watch newsletter, which provides deeper insights into the China trends that matter. More about Manya at manyakoetse.com or follow on X.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Featured

China Trending Week 14: Xiaomi SU7 Crash

Manya Koetse

Published

on

Here’s the latest roundup of curated top trends and most noteworthy discussions on Chinese social media. But I’m still scrolling—this page updates throughout the week, so check back & refresh for the latest.

🔄 Last updated: April 3

 

💥 Fatal Xiaomi SU7 Crash

The Xiaomi SU7 has been trending in China all week following a tragic accident in Anhui that killed three people. The incident occurred on March 29 on the Zongyang Expressway, where the electric vehicle reportedly hit the guardrails and caught fire. According to Xiaomi’s own records, the vehicle had been in smart driving mode for about fifteen minutes before the crash. At 22:44:24, the system alerted the driver to an obstacle ahead. The driver then took over, but the collision occurred just two to four seconds later (report in Chinese).

Beyond the smart driving function, scrutiny has also turned to the car’s battery system and the automatic emergency braking (AEB) feature. Xiaomi has stated it is cooperating with the official investigation.

Adding further fuel to public debate over the safety of semi-autonomous EVs is a separate incident that went viral this week in Zhejiang. A video (see here) shows a Xiaomi car owner fast asleep at the wheel, with both hands off the steering wheel. While Xiaomi trended – a related hashtag received over 150 million views on Weibo (#网友曝小米汽车车主驾驶中睡着#) – some popular commenters argued that the real issue wasn’t the car, but a reckless driver whose license should be revoked.

 

By Manya Koetse

(follow on X, LinkedIn, or Instagram)

Spotted a mistake or want to add something? Please let us know in comments below or email us. First-time commenters, please be patient – we will have to manually approve your comment before it appears.

©2025 Whatsonweibo. All rights reserved. Do not reproduce our content without permission – you can contact us at info@whatsonweibo.com.

Follow What’s on Weibo on

Continue Reading

China Memes & Viral

Strange Encounter During IShowSpeed’s Chengdu Livestream

The cosplaying girl, who usd the n-word and told the American YouTuber how racist she was, seems to have been referencing a meme.

Manya Koetse

Published

on

After visiting Shanghai, Beijing, and the Shaolin Temple in Henan, popular American YouTuber IShowSpeed (Darren Watkins) livestreamed from Chengdu on March 31.

During his stream, he visited a Traditional Chinese Medicine practitioner, tried acupuncture, had some extremely spicy hotpot, and continued doing the kinds of activities that have defined his China tour so far – from kung fu to the Forbidden City.

The trip has been a success not just for Watkins, who recently surpassed 37 million YouTube subscribers, but also for China’s image abroad. Some have even suggested it’s become more of a soft power or propaganda tour (read more in our latest newsletter).

But not everything has gone smoothly. Within the span of a week, Watkins has become significantly more famous in China. In addition to YouTube — which is not accessible in China — he also began streaming on Douyin. All of this made his March 31st livestream a bit more chaotic, and for the first time, he also experienced some connection issues.

In Chengdu, with as many as 4 million viewers watching the livestream on Douyin, one moment in particular sparked controversy online. Just before Watkins entered a car, a girl in cosplay attire approached him and said:

💬 “I am a racist. I am a ni**a killer. I am so sorry about that. But I love your girlfriend, because your girlfriend is my [white?] people.”

When Watkins asked if she spoke English, she replied:

💬 “Yes, I am a racist. I am racist.”

After the incident, Watkins commented:

💬 “I don’t think she understood what she was saying.”

Watch the video here.

The girl was cosplaying as one of the characters from the mobile role-playing game Blue Archive, most likely Saiba Momoi (才羽モモイ), known for her mouse-like appearance, complete with two ears on top of her head.

On Chinese social media platforms, including Weibo and Xiaohongshu, the moment soon became a point of discussion. Among the commenters, there are those fearing the incident will negatively impact the image of Chengdu, and some suggesting the local Tourism & Culture Board will make sure to blacklist the girl.

Others focused more on the background of the girl, suggesting she is from Japan or Hong Kong, and trying to sabotage Watkins’ positive China trip.

It appears, however, that the female cosplayer may have been referencing the “racist Momoi” or “Saiba Momoi Says The N-Word” meme.

This meme originates from an edited clip of Saiba Momoi, in which she appears to say what sounds like the N-word. According to the Danbooru site, the clip was later modified to include other slurs.

The character has also been linked to the “Nàge song.” As explained in our newsletter yesterday, the song “Sunshine, Rainbow, White Pony” (阳光彩虹小白马) by Chinese singer Wowkie Zhang (大张伟), which repeatedly features the Chinese word nàge in its chorus (meaning “uh” or “that”) — popped up multiple times during Watkins’ trip. The catchy tune essentially became the theme song of his visit.

A few years back, a clip of Watkins first hearing the song and mistaking the chorus for the N-word already went viral on Chinese social media. The confusion between the Chinese filler word and the slur has been extensively joked about by Watkins himself throughout his streams.

The connection between the girl, the Saiba Momoi meme, and the Nàge song, however, is only known to a niche audience. It is possible that the girl tried to be funny, but she obviously failed in doing so.

By Manya Koetse

(follow on X, LinkedIn, or Instagram)

 

Spotted a mistake or want to add something? Please let us know in comments below or email us. First-time commenters, please be patient – we will have to manually approve your comment before it appears.

©2025 Whatsonweibo. All rights reserved. Do not reproduce our content without permission – you can contact us at info@whatsonweibo.com.

Follow What’s on Weibo on

Continue Reading

Subscribe

What’s on Weibo is run by Manya Koetse (@manyapan), offering independent analysis of social trends in China for over a decade. Subscribe to gain access to all content and get the Weibo Watch newsletter.

Manya Koetse's Profile Picture

Get in touch

Would you like to become a contributor, or do you have any tips or suggestions? Get in touch here!

Popular Reads