Global economic slowdown: is China really to blame?
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…
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