8 groups yuan depreciation will impact most

0 Comment(s)Print E-mail China Daily, August 13, 2015

Workers make stuffed toys exported to European and U.S. market at a toy company in Ganyu County, east China's Jiangsu Province, Oct. 14, 2012. [Xinhua]



No 3 Exporting companies

Devaluation of yuan is good news for exporters, although large exporters may not benefit immediately from the devaluation since they generally negotiate and contract exchange rates with banks, but long term prospects are brighter, as they can offer cheaper products.

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