The Chinese economy has become very attractive to speculative hot money. But by allowing the yuan to rise strongly, the authorities cause doubts whether the challenge is handled in a proper and coordinated manner.
U.S. stocks were traded almost flat Friday to end the week lower, snapping a four-week gaining streak amid worries that the Federal Reserve may reduce its stimulus program in advance.
Visiting Chinese Premier Li Keqiang on Friday criticized the European Union´s trade measures against China-made mobile telecommunications equipment and solar panels.
In China, market watchers are digesting the first contraction in factory activity since October.