How much is $1 000 in China?

As a curious investor delving into the nuances of cross-border currency exchange, I'm wondering about the current conversion rate between US dollars and Chinese yuan. Specifically, I'm interested in knowing how much the equivalent of $1,000 in US currency would translate to in Chinese yuan. With the volatile nature of exchange rates, it's crucial to stay updated on the latest figures to make informed financial decisions. Therefore, could you please provide me with the current conversion rate and explain any factors that may be influencing its fluctuation? This information would be invaluable in my assessment of potential investments and transactions.