Five Non-Tech Companies With A Lot At Stake In China
  • 6 years ago
Investing.com - Any trade war between the U.S. and China will likely claim more victims than just the companies affected by the initial rounds of tariffs,So far, the aerospace, chemicals, plastics and agriculture sectors are clear losers.The semiconductor sector is particularly vulnerable given its high volume of sales in China.Apple (NASDAQ:AAPL) and Boeing (NYSE:BA), which both rank among the top five in sales to China, are also definitely at risk.Some less high-profile companies, however, have a lot at stake,Here's five big, non-tech companies that rank in the top 20 in sales to China, according to Factset Research.Procter & Gamble had $5.25 billion in sales to China in its most recent fiscal year. Starbucks (NASDAQ:SBUX), which is expanding aggressively in China, had $4.51 billion. Nike (NYSE:NKE) was just behind it, followed by 3M and Abbott Labs.