The Chinese yo-yo is a toy from China consisting of two equally-sized discs connected with a long axle. The Chinese yo-yo is kept spinning on a string tied to two sticks at its ends. Each stick is held in one hand. In modern times, it is used as a children's toy and as a performance tool in juggling and sometimes in Chinese ethnic dance. It is possible to perform a large variety of tricks with the Chinese yo-yo which can be as easy as throwing the yo-yo up into the air or tossing it around the user's back. It was found during the Ming dynasty; roughly 1386-1644.

Like the Western yo-yo, it maintains its spinning motion through a gyroscopic effect based on conservation of angular momentum.