Big American Companies Wonder: When Will China Bounce Back?

MSN - 05/06
Economy’s anemic postpandemic recovery disappoints many U.S. companies, which see a slow returnBy Dan Strumpf – The Wall Street JournalBig American companies in China were counting on a postpandemic boom to boost global revenue. For many, it isn’t happening.From chip maker Qualcomm to industrial bellwethers Caterpillar and DuPont, companies are reporting weak results out of China as the country’s reopening from three years of Covid-related...

Economy’s anemic postpandemic recovery disappoints many U.S. companies, which see a slow return

By Dan Strumpf – The Wall Street Journal

Big American companies in China were counting on a postpandemic boom to boost global revenue. For many, it isn’t happening.

From chip maker Qualcomm to industrial bellwethers Caterpillar and DuPont, companies are reporting weak results out of China as the country’s reopening from three years of Covid-related isolation has failed to gain steam.

While some retailers are seeing benefits from the reopening, other firms have said they are expecting the weakness to continue through this year and have cut company outlooks based on the slow recovery.

“I think the overall expectation is, following the reopening, the China market was going to bounce back,” Qua...
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