June 11 (Asia Today) -- China's renminbi, also known as the yuan, has strengthened sharply in recent months as Beijing seeks to elevate the currency's global standing, but its rapid gains may create new risks for the Chinese economy. The yuan recently reached its strongest level in three years and three months, prompting some Chinese media to describe the move as an advance by the currency. The trend is expected to continue for the time being. According to recent reports by Chinese media,