China is in the midst of a decoupling of the worst kind for investors, with economic growth slowing relatively mildly but corporate profits suffering a much sharper decline.
A string of profit warnings in recent weeks indicates that Chinese companies have been surprised by the extent to which even a slight downturn in the economy has hit their operations. The pain has been widespread, from telecommunications to aerospace to retail and real estate.
Analysts say the common threads in the corporate woes are hefty tax bills and bulging inventories, both of which will take time to address.
您已阅读14%（589字），剩余86%（3487字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。