web analytics

Chinese Airlines and Luxury Retailers Stung by Shifting Currency Exchange Rates

By Jeanny Yu and Amanda Wang, Bloomberg

Alexander F. Yuan

In this photo, an Air China’s Boeing 777 jet taxis to a gate after landing at Beijing International Airport in Beijing, China. The Chinese yuan has depreciated in value against other currencies making it difficult for the country’s outbound tourism and for its domestic airlines in some ways. Alexander F. Yuan

Skift Take: China has been letting the value of its currency weaken to a six-month low as a response to a simmering trade war with the U.S. But that move is hurting domestic airlines and luxury retailers outside the mainland.

— Sean O’Neill

Read the Complete Story On Skift

…read more

From:: Skift

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>