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In its first document of the year, the People's Bank of China, the central bank, outlined new measures for a pilot program to allow non-financial enterpris-es to use the yuan, also called the renminbi
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In its first document of the year, the People's Bank of China, the central bank, outlined new measures for a pilot program to allow non-financial enterpris-es to use the yuan, also called the renminbi,in settlement while making investments in overseas markets. For foreign entrepreneurs,this means they can get funding denominated in the currency of China--one of the most dynamic economies in the world.
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