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Investors worry about the effect of the yuan’s decline, but most of China’s big carriers have reduced their dollar exposure
China’s biggest airlines are ready to turn off their seat belt signs after a period of turbulence.
The major carriers’ stocks have suffered a dismal descent so far this year: China Southern Airlines has dropped 44%, Air China 38% and China Eastern 31%, all much worse than the broader Shanghai market.
The downdraft was mostly concern about...