China's Move Away from the U.S. Dollar Means You Need to Invest in the Yuan

BY KERRI SHANNON, Associate Editor, Money Morning

China has started diversifying away from the U.S. dollar, yet another sign that it's time to invest in the yuan.
A report from Standard Chartered Bank last week showed China's foreign exchange reserves expanded by $196 billion in the first four months of this year. About 75% of that investment was in non-U.S. dollar assets.
This is the biggest gap between accumulated reserves and purchased U.S. debt by China in at least five