China has widened the yuan's trading band, moving it a step closer to becoming a fully tradable global currency.
China's economy, the world's second-largest, has expanded at its slowest pace in almost three years.
First State Investments Asia Pacific star Angus Tulloch has warned China will undershoot current GDP forecasts this year, as its domestic economy fails to take up the slack left by waning oversaes demand.
As data from China shows growth is already slowing, managers assess the government's response and the implications for investors.