EconomyWeak earnings growth forecast adds pressure to bearish Chinese stock market
Corporate earnings are emerging as another drag on Chinese stocks, with consumer goods, property and green energy under strain from weak demand or excess capacity. Shenwan Hongyuan Group says profit growth at mainland-listed companies slowed in the first nine months compared with the first half. The Shanghai-based brokerage based its forecast on government industrial-profit data, which it said had a high...
Weak earnings growth forecast adds pressure to bearish Chinese stock market
Economy