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Story summary
- China’s central bank let the yuan rise to a 3½-year high versus the U.S. dollar.
- Onshore yuan hit 6.6950 per dollar, its strongest level since Jan 16 2023.
- U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng concluded New York talks, paving a summit.
- President Donald Trump and President Xi Jinping will meet Sep 23-25, and analysts say the yuan rise reflects summit-driven policy stability.