China is set to launch a watered down version of its long-awaited international payments system, using it only for cross-border yuan trade deals rather than also including capital-related transactions, two people with direct knowledge of the matter told Reuters on Monday. It would be a second setback to China’s ambitious plans to offer a unified network for settling yuan transactions after it failed to get off the ground as expected last year due to technical problems. It also comes as other measures to open up China’s financial infrastructure have been dented by the recent stock market crash.