An annual survey of more than 500 European companies has found that slowing growth in China is weighing on company plans to grow their businesses in the world’s second largest economy.
Hey, Graduates! Tell Us: Now that you’ve crossed the stage, what are 3 of your expectations for the job market?Copyright 2024 The Associated Press. All rights reserved.
The economic worries are layered on top of long-running complaints about regulations and practices that companies say favor their Chinese competitors or are unclear, creating uncertainty for businesses and their employees. Others including The government is launching programs to boost consumer spending but confidence remains low because of a weak job market. Economic growth came in at a faster than expectedin the first three months of the year, but much of the GDP growth came from government spending on infrastructure and investment in factories and equipment.
Close to 40% of companies said they have moved or are considering moving future investments out of China. Southeast Asia and Europe are the biggest beneficiaries, followed by India and North America. Nearly 60% said they are sticking with their investment plans for China, but that was down from last year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s most powerful space engine generates 500 tons of thrust power in testsThe four parallel liquid oxygen kerosene (kerolox) YF-100K engines generated a total thrust of more than 500 tons in the test, as per CASC.
Read more »
China’s most powerful space engine generates 500 tons of thrust power in testsThe four parallel liquid oxygen kerosene (kerolox) YF-100K engines generated a total thrust of more than 500 tons in the test, as per CASC.
Read more »
Wall Street rises to pull S&P 500 back nearly to record highU.S. stocks rose to pull the S&P 500 back within 1% of its record following a rough April
Read more »
West Seattle Community Garage Sale Day to return with more than 500 salesWith over 500 sales spanning from Alki Avenue to Seola Beach, and even extending to South Park this year, the event is expected to attract throngs of bargain hunters and treasure seekers.
Read more »
NYC seeks to build 500 secure bike parking hubs across cityNew York City is moving the pedals on building 500 hubs for secure bicycle parking across the city over the next five years.
Read more »
Tech sits out Thursday's rally as the S&P 500 inches closer to its March recordEvery weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Read more »