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China Takes Measures to Control Interest Rates and Promote Yuan in Global Trade
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China's central bank has asked some lenders to cap interest rates on interbank debt instruments to prevent rising short-term yields and keep borrowing costs low in the slowing economy. The yuan has become the second-biggest currency used in global trade finance, surpassing the euro.
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How does China's debt markets compare to other major economies?
How might the cap on interest rates impact the overall lending market in China?
What are the potential implications of the yuan becoming the second-biggest currency in global trade finance?
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