Make your money go further for just 25p per day

Global economic slowdown: is China really to blame?

Four Chinese flags in a row at the G20 summit
In the last few months, China has become the fall guy for poor corporate results. Companies whose numbers haven’t quite lived up to expectations have used the same tactic: blame it on China.

Jaguar Land Rover’s interim results statement (31 Oct 2018): “The results primarily reflect lower than expected sales mainly due to more difficult market conditions experienced in China”.

Tim Cook, chief executive of Apple (2 Jan 2019): “most of our revenue shortfall to our guidance and over 100% of our year-over-year worldwide revenue decline occurred in Greater China”.

Tech giant Nvidia’s earnings update (28 Jan 2019): “Deteriorating macroeconomic conditions, particularly in China, impacted consumer demand for NVIDIA gaming graphics processing units,"

Industrial bellwether Caterpillar’s fourth quarter financial results (28 Jan 2019): "Sales in Asia/Pacific declined due to lower demand in…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login

Previous article Next article

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world


Become a Champion Investor for just £90 a year.


More on Apple

Coronavirus: counting the cost on our Ultimate Stocks

26/02/2020 · Portfolio

This is a running article which we will keep updating as more companies revise their guidance…

News Flash: storms, flu and the joys of February

21/02/2020 · Your Money

Find out how your investments might be impacted by these three news stories: