A currency dealer in Quetta, Pakistan. As of the end of the second quarter, overseas institutional and individual holdings of yuan-denominated financial assets totalled US$717 billion, according to ICBC International. Photo: AFP

US-China trade war is helping to boost use of yuan in international transactions

Overseas holdings of Chinese currency by institutions, individuals and central banks is on the rise

Topic |   China economy

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A currency dealer in Quetta, Pakistan. As of the end of the second quarter, overseas institutional and individual holdings of yuan-denominated financial assets totalled US$717 billion, according to ICBC International. Photo: AFP
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