U.S. companies in China survived a growth slowdown and a bruising trade war. Can they take on the coronavirus too?
BEIJING—Before the coronavirus epidemic, U.S. companies were heading for record-low profitability in China as business conditions deteriorated and China’s economy slowed to its lowest rate in decades, according to a new survey of U.S. companies with operations in China.
That position will be further challenged as these companies seek to absorb what could be a historic hit in China, the world’s second-largest economy and the epicenter of the novel coronavirus now ravaging the global economy.
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