left corner left corner
China Daily Website  

8 groups yuan depreciation will impact most

Updated: 2015-08-13 06:32
By Sun Chengdong (chinadaily.com.cn)

No 2 Firms going long on yuan

Some of export companies betting on the appreciation of the yuan to increase their revenues and borrowing from the bank to increase their exposure of exchange rate, as the result, their loss in this round of devaluation will also magnified.

8 groups yuan depreciation will impact most

US currency [File photo]

8.03K
 
...
 
  • Group a building block for Africa

    An unusually heavy downpour hit Durban for two days before the BRICS summit's debut on African soil, but interest for a better platform for emerging markets were still sparked at the summit.
...
...