China's currency, the yuan, has strengthened against the U.S. dollar as foreign funds flock to yuan-denominated assets betting on the country's economic recovery. Since July 6, the yuan has gained 600 pips to below seven against the dollar, while overseas capital inflows into the Chinese A-shares in the first 11 days of July topped that of June to hit 65.37 billion yuan (about 9.34 billion U.S. dollars), according to financial information provider Wind. Reversing pandemic-triggered retreats in March, overseas capital regained net inflows into the A-shares in April, and went on to expand over 20 percent year on year ... (full story)