Accelerating weakening of Chinese yuan supports growing fears that country’s policy makers are less willing to prevent further falling among economy slowdown and worsening relations with the US, Bloomberg reports.

On Wednesday yuan is again in unusual for this currency position of a leader among falling Asian currencies. It slumped by 0,5% respective to US dollar. People’s Bank of China does not take any measures to stop this decline.

Just a few weeks ago yuan was a symbol of anchor for emerging economies that faced global interest rates hike and strengthening dollar. Now yuan is more source of volatility than stability. Its further weakening will hit other emerging world and commodities.

Main reason is in weak economic data in May that showed unexpectedly significant slowdown of the second largest economy in the world.

Such behavior of Chinese currency might negatively influence country’s trade partners. Experts also fear that situation of August 2015 will be repeated, when significant drop in yuan triggered capital outflows. Country’s policy makers will then had to spend $1 trillion and tighten control to stabilize the currency. By the end of September 2015 MSCI’s ACWI index dropped by 12%. Oil prices declined by half by the beginning of 2016 partly due to concern that China will face hard recovery. Experts think that China learned lessons from that situation and will take necessary measures.