Yuan rose against the euro for the first time in four days on fx trades, as U.S. manufacturing fell.

Economical growth in China has become quite evident. After big stimulus packages and bank lending, the nation´s economy has grown 7.9 percent in the second quarter.

CNN reports that "China's foreign exchange reserves hit a record $2.13 trillion at the end of June." China´s reserve grew $42.1 billion alone the past month.

Analysts assure that while most major currencies are contracting and suffering the effects of a deep economical recession, the Yuan is on a steady step towards recovery.

Gross domestic product data released by the National Statistics Bureau in Beijing on Thursday "suggest that the country’s stimulus policies are working and that the government will most likely achieve the 8 percent full year growth target it set early this year, analysts say,” according to The New York Times.

China´s economical growth in the second quarter was mainly driven for property and auto sales along with a recover in the manufacturing industry.
Shanghai´s stock market is up 75 percent this year, recovering from last year´s deep fall.

U.S.
The Standard & Poor´s 500 Index fell 0.4 percent, after having reached its biggest gain in two months yesterday.