Slowdown in China ripples through corporate earnings – By Hope King (Axios) / July 28, 2022
Global companies are feeling the impact of a slowdown in the Chinese economy.
Why it matters: China is not only the largest consumer market in the world, but it also remains a key component of global supply chains.
- But the Fed has warned that the country’s current troubles — housing market upheaval, regulation and continued COVID-related lockdowns — would spread.
Driving the news: Chinese leaders held their quarterly economic meeting on Thursday and “all but acknowledged” that their annual GDP growth target would not be met, the WSJ reports.
CONTINUE > https://www.axios.com/2022/07/28/slowdown-in-china-ripples-through-corporate-earnings
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