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China to give US a 250b yuan investment quota for the first time

Move deepens financial ties between countries; Beijing also assures US the yuan will not weaken further

Beijing

CHINA said it will give the United States a 250 billion yuan (S$52 billion) investment quota for the first time to buy Chinese stocks, bonds and other assets, deepening financial ties and interdependence between the world's two largest economies.

Chinese officials also...

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