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China's Debt Markets Gain Popularity as Yuan Surges in Global Trade Finance
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Global companies are increasing their borrowing from China's debt markets, with the yuan becoming the second-biggest currency used in global trade finance. China has asked some big banks to cap interest rates on short-term funding to calm financial markets.
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How might the cap on interest rates affect borrowing costs for small financial institutions?
How will the surge in borrowing from Chinese banks impact the global economy?
What are the potential implications of the yuan surpassing the euro in global trade finance?
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