Caijing.com published an article on the ramifications of the recent depreciation in the Chinese yuan. The article discussed six groups of people who may be the hardest hit. The first group includes those who invested in the housing market and will see their real estate shrink in value. The second group is those who study overseas and will see less of the foreign currency when they are exchanging the yuan. The third group is those who buy at overseas online stores. They will have to pay more. The fourth group includes those who travel overseas. They too will have to pay more. The fifth group is the Chinese companies that have borrowed large amounts of yuan in anticipation of its appreciation. The sixth group is the currency speculators who, in recent years, have bought and held the yuan.
Source: Caijing.com reprinted by powerapple.com, December 15, 2015