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Chinese companies hang onto dollars, hedge to prepare for volatile yuan | The Asahi Shimbun: Breaking News, Japan News and Analysis : comparemela.com
Chinese companies hang onto dollars, hedge to prepare for volatile yuan | The Asahi Shimbun: Breaking News, Japan News and Analysis
SHANGHAI--Some Chinese companies are holding on to dollar revenues from exports, while others are turning to foreign exchange hedging in anticipation of a fall in the value of the yuan, according to executives, bankers and data analyzed by Reuters.
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