Yuan fluctuation no hurdle for Chinese export firms in Gulf countries

DUBAI - Sales managers of companies from the petrochemical and machinery sectors in China said here on Sunday that they have encountered recent fluctuation of the Chinese currency, but the impact is manageable.

Currency fluctuations are major challenge for companies whose exporting and importing volumes dictate their pace of doing business and this applies for Chinese producers with ample business activities overseas in particular.

"The recent decline of the yuan is a challenge, but the impact is not significant because we innovate," said Lee, vice-director at Beier Machinery Group from Zhangjiagang Economic and Technological Development Zone in Jiangsu province.