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Chinese Small Exporters May Show Stress from Stronger Yuan in Q4: News

CHINA PRESS
MNI (Sydney)

The negative impact of the rapid appreciation of the yuan on small exporters may become apparent in Q4, as most exporters haven't hedged their exposures to foreign exchange risks, the China Securities News reported citing analysts. Small exporters struggle to afford bank fees given their thin profit margins, the newspaper said citing Yuan Tao, analyst at Orient Futures. China should offer more domestic forex derivatives and promote their usage, the newspaper said citing Zhang Jing, a researcher at CITIC Futures.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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