Five groups who will take the first hit of yuan depreciation
(chinadaily.com.cn) Updated: 2016-01-11 07:144 'Hai Tao' shoppers
"Hai Tao" shopping, translated into English means buying overseas goods online, has been a major trend in China. Consumers who shop overseas through the middle buyers can usually get the products 30 percent cheaper than those sold in China. Many middle shoppers have already felt the pinch as fewer Chinese shoppers put in orders now that they have to pay more yuan for the overseas goods.
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Consumers buy products in a store in Guangzhou, Guangdong on Jan 23, 2015. [Photo/IC] |
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