Yum China, which operates Pizza Hut restaurants in the country, recently reported that consumer demand softened in September and October.
Photo: Cfoto/Zuma PressChina has long been a source of stock-market optimism.
Now it is turning into a reason for worry.
Investors started the year by pouring money into China-focused funds, a bet that the end of Covid-19 restrictions would unleash supercharged spending in the world’s second-largest economy.
Instead, a stubborn lack of growth and escalating political tensions with the U.S. are fostering poor returns and uncertainty about the future.
Organizations:
Zuma Press China, U.S
Locations:
China, Covid