Recent data shows that China is also contending with worse-than-expected consumer spending, slowing manufacturing and weak home sales.
What it means for markets: US-based companies doing business in China stand to lose if the economy continues on a downward trajectory.
Qualcomm (QCOM), with a 67% exposure rate to China, issued disappointing forward guidance during earnings last month, citing China’s slow recovery.
JD.com (JD), one of the largest Chinese companies trading in the United States, has fallen by nearly 36% this year.
The air purifier market is poised to grow as climate change increases air pollution and exacerbates breathing difficulties.
Persons:
That’s, China —, Capvision, China Nicholas Burns, ”, Goldman Sachs, Dow, JD.com, Morgan Stanley, Goldman, Ayaz Ebrahim, CARR, Johnson, Ivan Menezes, Diageo, Menezes ’, Menezes, King Charles III, Debra Crew, Johnnie Walker, Ivan, Javier Ferrán, “ Ivan
Organizations:
CNN Business, Bell, New York CNN, International Monetary Fund, Factories, Bain, Group, Micron Technology, Nasdaq, Apple, Intel, Starbucks, Nike, Bank of America, Las, Qualcomm, Nvidia, Wynn Resorts, WYNN, MGM Resorts, MGM, China . Companies, Dragon, Goldman Sachs Group, Nomura, Barclays, JPMorgan, Asia Pacific, Bloomberg, Google, Carrier Global, Johnson Controls, Economic Co, Diageo, India, Business, ”, Whisky Association, Northwestern University’s Kellogg School of Management
Locations:
New York, China, Washington, Beijing, United States, Hong Kong, Dragon China, Canada, Pune, India