China's economic slowdown due to property market and job insecurity impacts global companies.

China's faltering recovery in its economy, due to a prolonged property market downturn and high job insecurity, is impacting global companies such as Starbucks, General Motors, and tech firms. The Chinese government's stimulus measures have not improved the situation, and a price war among foreign automakers is also affecting businesses. The slowdown is felt across borders, and analysts predict this may prolong stagnation and inflation threats.

August 02, 2024
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