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China's economy is struggling, but its homegrown companies are dominating abroad, Goldman Sachs says
Yahoo Finance· 2025-10-21 13:04
China's economy may be sputtering but its homegrown firms are cashing in overseas. China is moving beyond making cheap goods to exporting tech, intellectual property, and culture. Global profits are becoming China's newest growth engine, which could reshape its economy. China's economy is still stuck in a yearslong slump marked by a property crisis, weak consumer demand, and deflation — but its biggest companies are raking in cash abroad, according to a new Goldman Sachs report. As the domestic mar ...