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China central bank urges state-owned businesses to prioritise yuan in overseas expansion - REUTERS

APRIL 21, 2025

SHANGHAI, April 21 (Reuters) - China's central bank said on Monday it was encouraging state-owned enterprises to prioritise yuan usage in payment and settlement in their overseas expansion, in what is seen as an official attempt to accelerate yuan internationalisation amid intensifying global trade tensions.

The comments come as U.S. President Donald Trump has launched so-called "reciprocal" tariffs, which have shaken up global trade and roiled financial markets.

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