Meanwhile, the tightening cycle has been hard on China funds like FXI ( quote ): On the other hand, the yuan ( quote ) has prospered. This is subtly different from the "victory" over inflation that premier Wen Jiabao was bragging about in the Financial Times barely 10 days ago. And in fact, Western economists expect to see Chinese inflation soar above 6% when the official June numbers are released later this month.