Companies abandon dollar reporting for RMB
As a dollar-reporting company largely exposed to the renminbi – a currency that is depreciating against the US dollar – what would you do to cut the losses?
How do you make your books look more attractive when the currency you do much of your business in is depreciating against the currency you've traditionally reported in? For companies including Want Want China Holdings, International Group, and China Resources Beer, the answer was to change the currency for their filing to the renminbi.
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