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More than a third of U.S. companies in China say they expect their revenues to drop this year...

More than a third of U.S. companies in China say they expect their revenues to drop this year and are hitting the pause button on planned investments there. (ETFs: PGJ, FXI)
Comments (2)
  • Irishscot2
    , contributor
    Comments (5) | Send Message
     
    My own company is one of those growing - but doing it by taking away market share from four competitors - that's 20% grow, 80% shrink. Our overall business model is off an amazing 32% per the Chinese government, and I think they are right. Just amazing to see this global hit across all economies and see governments increasing the very actions that got us here.
    9 Mar 2009, 09:01 PM Reply Like
  • joshuaodonnell
    , contributor
    Comments (185) | Send Message
     
    We act and sound as if this is some kind of surprise. Of course revenues are down in China. We are buying less and less of the crap thats made there. The entire global economy is changing...maybe for the good, maybe for the bad...

     

    I think the most important thing is try to stabalize the banking system. We can't continue on like the way we have been for the last 20 years. Need to start creating jobs and pay back the enormous amounts of debt Bush collected when we went to war.... Thats the most important thing. Im not for raising taxes anywhere in any class of any society. That will only hinder the economic recovery... What incentives are there to create jobs?
    10 Mar 2009, 02:19 AM Reply Like
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