Alternatively, traders might consider going long the yuan.

FORBES: Why the World's Biggest Retailer is Doomed

The Economist has long argued that a flexible yuan is in the interests of both China and its trading partners.

ECONOMIST: Trade with China

America has long urged China to allow the yuan to appreciate faster against the dollar.

ECONOMIST: Does the new dollar policy make sense?

Beijing is undertaking a long, gradual campaign to establish the yuan as a more market-oriented, international currency.

WSJ: New Zealand, China in Talks on Convertibility of Currencies

Foreigners will be keen to acquire yuan, and reluctant to part with it, for as long as they think it is artificially cheap.

ECONOMIST: The yuan is flowing beyond China��s borders��and back again

First, the hot-money folk were always betting on a long-awaited and large one-off revaluation of the yuan to make them a decent profit.

ECONOMIST: China's hot-money inflows evaporate

The railway ministry, which is China's largest corporate-bond issuer, used all of last year's quota for long-dated bonds and also raised an additional 50 billion yuan via short-term bills and medium-term notes.

WSJ: China's Railway Ministry Gets Approval for Bonds

The ministry's outstanding corporate debt, ranging from long bonds to short-dated bills, stands at 711.5 billion yuan.

WSJ: China's Railway Ministry Gets Approval for Bonds