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Economy

Internationalization of yuan loses momentum

Overseas investors' interest wanes amid tougher capital controls, depreciation

The ratio of trade accounts settled in yuan has fallen by half from two years ago. (Photo by Akira Kodaka)

BEIJING/SHANGHAI -- The international use of the yuan, promoted by the Chinese leadership, has lost momentum as the Chinese government has toughened capital controls in the face of the currency's depreciation and capital outflows from the country.

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