Capital investment by Chinese firms has ground to its slowest pace in three years, as a weakening economy, tight credit and the prolonged trade war with the United States dent sales growth and cash reserves, Reuters analysis showed.Companies are also spending more days to turn inventory into sales and eking out smaller profit gains, the analysis showed, in an economy growing at its weakest pace in nearly three decades, with many analysts expecting the slowdown to intensify.The outlook became…



READ SOURCE

READ  US trade war pushing foreign companies to shift focus of China production to serve domestic market

LEAVE A REPLY

Please enter your comment!
Please enter your name here