China is becoming a less attractive place for manufacturers, who are feeling the “hardship” of the country's undervalued currency, according to the head of Samsung's digital camera division.
Samsung Digital Imaging, which manufactures in China, had not enjoyed the benefits of Korea's competitive currency, said Park Sang-Jin, its chief executive.
“The yuan is greatly devalued [so] we had a hardship from the currency,” he told the Financial Times in an interview in New York.
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