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Yuan currency 2012 01 16

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UK/Hong Kong deal part of UK efforts to develop links with Asian markets
Export-dependent economy sees slowest expansion rate since 2009.
Deal will promote bilateral trade and investment and boost yuan’s global profile
Central bank cuts borrowing costs for first time since 2008 to reverse slowdown
Yuan currency 2012 01 16

China’s gradual relaxations of controls on the value of the yuan and on capital flows means that the yuan is set to become a major international currency.