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China’s forex reserves extend run of rises in December as controls bite and yuan gains ground
 

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J.P. Morgan Asset Management’s Ayaz Ebrahim (left), co-head of the Asia Pacific regional team, and Tai Hui, chief market strategist for Asia, deliver their latest regional market update on Wednesday. Photo: Xiaomei Chen
Chinese Foreign Minister Wang Yi (far right) meets with Pakistani Foreign Minister Khawaja Muhammad Asif (far left, in glasses). Bilateral trade can now use the yuan, boosting economic ties between the countries. Photo: Xinhua
A huge 100 yuan note is displayed at a Beijing art exhibition. The onshore yuan jumped to 6.5712 against the US dollar on Thursday. Photo: AFP

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