Beijing Is Worried About Its Tumbling Economy

The renminbi skidded in intraday trading on Friday but managed to recover to close at 6.1450 to the dollar, down 0.27% for the day.  That resulted in losses of 0.9% for the week and 1.4% for the month, both records.  The yuan, as the currency is informally known, is now at its lowest level in about ten months.