China’s gloomy business outlook threatens to have global repercussions as the world’s second-largest economy recovers weakly from strict Covid-era lockdowns, western companies have warned.
Corporate reports from a disparate array of companies around the world have documented their worries about China, which has for decades provided a booming market for everything from chemicals to cars, healthcare and travel.
“Demand in China is sluggish,” lamented Joel Smejkal, chief executive of US semiconductor manufacturer Vishay Intertechnology.
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