CHINA TOPIX

11/22/2024 03:05:51 pm

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CIPS

Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing February 8, 2011.

China Ready to Launch International Payment System, Sources Say

China is prepared to launch the China International Payment System, or CIPS, which is meant to facilitate the global and international use of the Chinese currency, Yuan, as soon as September or October this year, says three sources.

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