China reports disappointing GDP, retail data — what it means for 3 of our stocks
China reports disappointing GDP, retail data — what it means for 3 of our stocks


MEISHAN, CHINA – JANUARY 15: A textile employee works on the workshop of Sichuan Renshou Jin’e Textile Co., Ltd. on January 15, 2024 in Meishan, Sichuan Province of China. (Photo by Pan Jianyong/VCG by way of Getty Images)

Vcg | Visual China Group | Getty Images

New financial data out of China on Wednesday exhibits the world’s second-largest economic system continues to be struggling to bounce again from the pandemic. Until its authorities will get severe about asserting a consumption-driven stimulus plan, it may spell extra unhealthy information for U.S. corporations that generate tons of gross sales in China, together with three within the portfolio: Starbucks(*3*), Estee Lauder(*3*) and Wynn Resorts(*3*).



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *