Companies that depend on China’s consumers have for months had to contend with a notable slowdown in spending. The latest earnings season has uncovered another big worry. A swathe of businesses were already under pressure thanks to the “consumption downgrade” that’s seen retail sales weaken this year. Now, bottom lines are at risk due to […]

 China appeared to shift away from cementing its place as the world’s rising superpower at its once-a-year congress which ended Friday, instead turning inward as President Xi Jinping grapples with an ever-growing list of headwinds, from the protracted trade war with the U.S. to slowing growth. https://asia.nikkei.com/Economy/No-end-in-sight-to-China-s-economic-slowdown https://asia.nikkei.com/Politics/China-People-s-Congress/China-seeks-to-calm-markets-with-pledge-to-keep-growth-on-target