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surged 10% last year to $150 billlion. they have moved to reduce reliance on the us dollar by setting up payment clearing in the chinese currency, the yuan. former brazilian president dilma rousseff is to be sworn in today as head of the new development bank — a rival to the world bank and imf set by by the so—called brics countries of brazil, russia, india, china and south africa. lets speak now to william jackson, who is emerging market economist at capital economics. xi has been...