China's Weak Recovery Dampens Global Corporate Growth Prospects China’s sluggish economic recovery, marked by a protracted property market downturn and high job insecurity, is impacting global corporate growth. Major companies like Starbucks, General Motors, and various tech firms have reported challenges due to weak consumer spending and ineffective stimulus measures. China’s economy grew slower than expected in Q2 2024, with retail sales hitting an 18-month low. Despite government efforts to stimulate consumption, concerns persist about prolonged stagnation and deflation risks, making the Chinese market less reliable for global businesses. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Soft Landing Scenario May Limit Scope of Fed's Interest Rate Reductions READ MORE Fund Managers Shy Away from Gold Despite Record Prices READ MORE Gold Price Forecast: CommerzBank Says Gold Unlikely To Leave its Trading Range READ MORE Bank of China Uses Digital Yuan for Cross-Border Settlement READ MORE 78% of Americans Living Paycheck to Paycheck in 2024, Study Reveals READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment