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New yuan center

(Xinhua)

08:02, May 21, 2012

A sub-regional yuan cross-border financial services center was launched Saturday in Southwest China's Yunnan Province, in a bid to enhance trade between China and Southeast Asian countries.

The center, located in Ruili, will focus on facilitating yuan cross-border settlement and the establishment of service and information systems to serve financial settlements, said Liu Guangxi, director of the financial office with the government of Yunnan.

Bordering Myanmar, Ruili is a port city that has been playing an important role in trade.

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