| Follow us on:
|
The worst hit are countries which have relied on oil exports as a major source of income.
The eighth China-US Strategic and Economic Dialogue has begun in Beijing.
China believes that Washington's approach in the South China Sea is not conducive to peace and stability.
Russian envoy Bogdanov warned that "we are fast approaching the point of no return" at a Paris meet on Friday.
The dynamism of Asia is needed more than ever, the Chinese Premier said.
The purchasing managers' index (PMI) for May came in at 50.1, the same as in April.
India's global competitiveness rank rose three notches to 41 from a year ago although China still managed to beat it to the top spot among BRICS.
The deal, underlining the growing China-Australia economic ties, has come under the scanner of Washington.
The yuan weakened 294 basis points on Monday to 6.5784 against the US dollar, the lowest level since February 2011.
India is hosting the 8th BRICS Summit in October while China will host the G20 Summit later this year.
