A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.
Starbucks reported China same-store sales dropped by 14% in the quarter ended June 30, far steeper than the 2% decline in the U.S.
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 corporate earnings."You're seeing both in our industry and across a broad range of consumer industries, the consumer being very, very much deals seeking," he added.
"There's a general macro softness as the overall economy works through some of the structural issues around real estate, pricing, etc.," Coca-Cola Chairman and CEO James Quincey said on an
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