Tag: China’s economy

So far, global earnings are just good enough to feel disappointing

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So far, global earnings are just good enough to feel disappointing

Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China’s economy hurt global consumer sentiment, taking the shine off earnings growth in the latest quarter. A number of high-profile companies have underwhelmed investors, including McDonald’s, automakers Nissan and Tesla, and consumer giants Nestle and Diageo. With roughly 40%…

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World

Chinese economy in distress, its model is ‘broken’: report

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Chinese economy in distress, its model is ‘broken’: report

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western countries are “increasingly in trouble” because of their materialism and “spiritual poverty.” File | Photo Credit: AP China’s economy, the world’s second-largest, is now in deep distress and…

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Business