US firms face ‘significant impact’ on revenue as growth slows in China, but Southeast Asia could gain

Source: China – South China Morning PostSlowing growth in the all-important China market is likely to hurt revenue among US firms operating in the country, but Southeast Asian manufacturers could gain from disruptions in the world’s No 2 economy, according to analysts.China set its 2022 gross domestic product (GDP) growth target at “around 5.5 per cent”, with market consensus forecasting 5.2 per cent.A surge of coronavirus cases in Chinese cities in recent months is weighing on the economy, as hardline containment measures have…Read More

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