Western companies look hard at China as growth slows
The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of the millennium lured scores of Western companies to invest heavily in China. A recent equities market rout has dashed hopes China will, in the coming years, return to the robust growth it saw in the past.
