China's Sliding Yuan Is Bad News for These Companies

China’s sliding yuan is often talked up as a good thing for exporters – but many other companies are left vulnerable.

The yuan’s descent has slammed those with sizable debt and costs denominated in the greenback, such as airlines and developers. Companies that rely on the spending power of Chinese customers, from cosmetics retailer Sa Sa International Holdings Ltd. to luxury company Cie Financiere Richemont SA, also face the prospect of pain.