The yuan enjoys a valuation advantage...>

CHINA PRESS: The yuan enjoys a valuation advantage because of China's stable

economic conditions, compared with other emerging market countries which might

suffer from higher capital outflow pressures, lower debt-repaying capacity and

high inflation, which could lead to a downgrade in sovereign credit rating,

reported 21st Century Business Herald on Thursday. 

  - The recent rise of yuan is supported by efforts of more central banks to

include yuan in their foreign exchange reserves, a Hong-Kong based foreign

exchange trader said, cited by the report. 

  - This news has encouraged many financial institutions to hold positions that

expect yuan appreciation, and has also caused many financial institutions to

include the yuan in their foreign exchange reserves, the above trader said,

cited by the report.