Slower China Economy a Worry for Western Firms
As China economy growth slows to a near three-year-low, large U.S. and European-based companies are growing increasingly nervous – as this means the loss of what had been one of their surest growth bets. Most Western chief executives remain optimistic with regard to China’s economy, and predict a return to rapid growth, considering this nothing more than a blip in the rise of the world’s second-largest economy. Indeed, not every Western company is suffering in China. Apple Inc (AAPL.O) has reported a five-fold gain in sales of iPhones in China, Hong Kong and Taiwan. However, others have argued that even when China’s growth picks up, it may never return to the heady days of the past decade…
To read more, click here.
(image source)
