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China's new yuan loans on the rise
China's new yuan-denominated loans expanded to 12.09 trillion yuan (about 1.73 trillion US dollars) in the first half of 2020, up 2.42 trillion yuan year on year, data showed on Friday.
China plays pivotal role in structural change of forex market: UBS
China is playing a pivotal role in structural change of foreign exchange market thanks to its rising economic power and a leading role in technological innovation, said a report recently issued by international investment bank UBS.
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