The weakening of the yuan and the strengthening of the US dollar evidence of Chinese economy slowdown. However, according to experts, the country's central bank deliberately weakens its currency that would support economic growth.
By the end of January 2015, PMI index reflecting business activity in the non-manufacturing sector of China's economy fell to 51.8 p. Such data are contained in the report of the British HSBC, wrote finanz.ru.
The level of business activity in the manufacturing sector of Chinese industry is reduced, evidenced by the January performance index of purchasing managers, claim HSBC experts.
Consumer prices in Japan at the end of December last year slowed down, and it was the fifth consecutive month due to lower oil prices, writes Bloomberg, citing official figures.
The national currency of China entered the Top 5 world currencies, which are most often used when making international payments, writes an influential business publication The Financial Times.
