China issues sweeping guidelines to push yuan for Belt and Road business
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China issues sweeping guidelines to push yuan for Belt and Road business

A woman rides past the People’s Bank of China headquarters in Beijing. The Chinese are urging Pakistan to expand the role of the yuan in the economy from trade and investment payments to reserve currency, and even asking for it to be made a legal tender in Gwadar, a demand that has not yet been accepted.—Reuters KARACHI: The People’s Bank of China (PBC) has announced a raft of new measures to push a greater cross-border role for the yuan that aim to “contribute to opening up on all fr

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