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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
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
Updated: 12:15am, 9 Aug, 2019
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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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