Analysts say further depreciation in the yuan will hurt profit among Chinese property developers with high levels of US dollar denominated debt. Photo: Reuters

China’s currency slide has a sting in the tail for mainland airlines and these other debt-laden companies

  • The softening yuan is negative for mainland companies with US-dollar denominated debt or operating costs in stronger currencies
  • The yuan’s slide against the US dollar continued Wednesday
Topic |   Currencies

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Analysts say further depreciation in the yuan will hurt profit among Chinese property developers with high levels of US dollar denominated debt. Photo: Reuters
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