Companies Flash Warning Signs On China's Economy

  • 5 years ago
Trade tensions have added to a policy-engineered slowdown in China. Last week, Apple blamed slowing economic growth there as it cut its revenue forecast. Several other large companies have issued similar warnings about the second-largest economy. Apple rattled global markets last week as it cited cooling activity in China as a risk to revenue, underscoring expectations for the second-largest economy to lose steam. And it was far from alone in its warning. Prominent companies around the world have been keeping watchful eyes on China's economy, which has been growing at its weakest pace in a decade.