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Economy

China's global yuan push regains momentum

Could become the world's No. 3 reserve currency by 2030, Goldman Sachs says

About 40% of Chinese cross-border transactions are now denominated in yuan, government data shows.

HONG KONG -- International use of the yuan has set a new record by one measure for the first time in more than five years, thanks to a recent jump in foreign investment in Chinese equities and bonds denominated in the currency.

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