Exchange (chess) to as a "recapture". Commonly, the word "exchange" is used when the pieces exchanged are of the same type or of about equal value, which is an "even exchange". According to chess tactics, a bishop and a knight are usually of about equal value. If the values of the pieces exchanged are not equal, then the player who captures the higher value of piece(s) can be said to be "up the exchange" or "wins the exchange", while the opponent who captures the lower value of piece(s) is "down the exchange" or "loses the exchange". Exchanges occur very frequently in chess,
Chess in China by 30% each year. Fortunately for the Chinese Chess Association, in 1993, it received an endowment fund from Singapore businessman S T Lee who donated about US $1.5 million. 10% of this donation was for the establishment of the chess library at China QiYuan. The remaining 90% were deposited in a fixed account from which the Chinese Chess Association drew interest mainly for its administrative operations and to send players for overseas competitions. In 1997, the Chinese Chess Association founded a computer company to fund its other activities on an annual basis. Decision making is done collectively and any final