American companies are feeling the slowdown in China, according to The Wall Street Journal. A survey from the US-China Business Council found that 17% of firms expect falling revenue in their China operations this year. One-fifth say they plan to cut staffing resources for their Chinese operations. More than a third of companies said the profitability of their Chinese business is down from a year earlier. In 2015, 30% of companies said their profitability had dropped; the year prior it was 27%. The world’s second-largest economy has had a rocky year, and sudden drops in the value of China’s currency have roiled global markets. The Chinese government has ramped up stimulus efforts, but worries about growth and the value of the yuan remain.
You must log in to post a comment.