The US-China trade war has ‘dented external demand and that will, in turn, hurt China’s investment and consumption’, Shanghai-based KGI Securities says. Photo: AFP
Chinese companies report slowed second-quarter profit growth as weaker economy, US-China trade war bite into earnings
- Second-quarter profit growth slowed to 6.5 per cent from 9.4 per cent in the previous quarter
- Growth might bottom out in third quarter based on inventory cycle and policy easing, Haitong Securities says
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The US-China trade war has ‘dented external demand and that will, in turn, hurt China’s investment and consumption’, Shanghai-based KGI Securities says. Photo: AFP