Investors need to buckle their seat belts for what is expected to be a very bumpy ride in Chinese earnings season

//Investors need to buckle their seat belts for what is expected to be a very bumpy ride in Chinese earnings season

Investors need to buckle their seat belts for what is expected to be a very bumpy ride in Chinese earnings season

It may be a very bumpy earnings season in China.The first of China’s more than 3,000 listed companies have started reporting results for the first half of the year. With the weakest economic growth on record reported this week in China, some blue chips have issued warnings of big drops in profits.One of the most popular stocks with foreign traders – fabled Kweichow Moutai – tumbled 3.1 per cent this week after it posted its slowest quarterly sales growth in three quarters.The fiery liquor maker…

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By | 2019-07-21T03:00:08+00:00 July 21st, 2019|Business|Comments Off on Investors need to buckle their seat belts for what is expected to be a very bumpy ride in Chinese earnings season