Chinese exporters may sell cheaper to those who trade in their currency

KUALA LUMPUR: Malaysian companies should take advantage of the willingness of Chinese exporters to give discounts for goods traded in the yuan.

HSBC global markets corporate sales head Tan Yew Yan said Chinese exporters would consider selling their goods cheaper to those who trade in the Chinese currency. They often sell their goods to Malaysians at prices which have been hedged against foreign exchange (forex) losses.