CHINA ALLOWS YUAN TRADE SETTLEMENT, OFFERS TAX BREAKS

July 2, 2009

July 2 (Bloomberg) -- China’s central bank allowed companies to undertake settlement of cross-border trade in the yuan and promised tax breaks, seeking to reduce the reliance of importers and exporters on the U.S. dollar.

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CHINA ALLOWS YUAN TRADE SETTLEMENT, OFFERS TAX BREAKS

July 2, 2009

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