..."The number of Chinese companies warning on earnings is turning into a flood, with no industry spared from worsening demand.The analysis at the link is dead-on. The Commie dictator thought that China could continue to steal any US technology it wanted, just like it did under Clinton and Obama, both of whom were paid off by the ChiComs. (One should keep an eye on Mitch McConnell, by the way.)
"Some 440 firms disclosed on Wednesday -- the day before a deadline to do so -- that their 2018 financial results deteriorated, according to data compiled by Bloomberg. Of the more than 2,400 mainland-listed firms that have announced preliminary numbers or issued guidance this season, some 373 said they’ll post a loss, the data show. About 86 percent of those were profitable in 2017."...
Anyhow, Trump came along and slammed the door on these jerks. Behold! The peasants in Red China will be very unhappy, indeed. That usually precedes a change in management.
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