Chinese currency prices on imported goods impact foreign businesses

Global Business

Chinese currency prices on imported goods impact foreign businesses2

The continued depreciation of the Chinese yuan may be great for the country’s exporters, but not so good for businesses that rely on selling goods to China.

The lower the yuan, the more expensive imported goods become for consumers. There is one company in Southern California, though, that has already braced for a weaker yuan and is expecting double digit growth.

CCTV America’s May Lee reports.

Chinese currency prices on imported goods impact foreign businesses

Chinese currency prices on imported goods impact foreign businesses

For more on all things currency, Saruhan Hatipolu spoke to CCTV America. Saruhan Hatipolu is CCTV’s Global Economics Analyst and CEO of BERI Consulting.