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