Consumer giants from Starbucks to General Mills have one big sales problem: China
StarbucksStarbucks(US:SBUX) CNBC·2024-08-06 23:22

Pictured here is a McDonald's store in Yichang, Hubei province, China, on July 30, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.The Chinese economy — home to more than four times the population of the U.S. — has attracted multinational corporations for decades given its large, fast-growing market. But slower growth and intense local competition, amid tensions with the U.S., are now weighing on corpora ...

Consumer giants from Starbucks to General Mills have one big sales problem: China - Reportify