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Hong Kong security law: how will US sanctions affect China’s plan to turn the yuan into a widely used global currency?

Summary:
[unable to retrieve full-text content]Washington’s decision to impose sanctions on Chinese individuals and financial institutions for their role in developing Hong Kong’s new national security law may threaten Beijing’s efforts to make the yuan an international currency, according to analysts.Meanwhile, some say US threats have added new urgency to Beijing’s goal of cutting its reliance on the US dollar by boosting international use of the yuan.US President Donald Trump on Tuesday signed an executive order ending Hong Kong’s…

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[unable to retrieve full-text content]
Washington’s decision to impose sanctions on Chinese individuals and financial institutions for their role in developing Hong Kong’s new national security law may threaten Beijing’s efforts to make the yuan an international currency, according to analysts.Meanwhile, some say US threats have added new urgency to Beijing’s goal of cutting its reliance on the US dollar by boosting international use of the yuan.US President Donald Trump on Tuesday signed an executive order ending Hong Kong’s…

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