US-listed Chinese firms seen hurt by slowing economy

The most actively traded Chinese companies in the US are expected to report the smallest profits in two years as China’s growth decelerates to the slowest pace since 1990, Bloomberg reported. Analysts covering stocks listed on the Bloomberg China-US Equity Index estimate that on average the firms will post earnings of US$5.64 per share this year. Earnings and sales projections are falling as economists surveyed estimate China’s GDP expansion will slow to 7.4% this year from 7.7% in 2013 and 2012. Investors are concerned that officials aren’t doing enough to stem a decline in real estate prices and boost private consumption.