Los Angeles Times

As China's economy gets the chills, some California firms catch a cold

Apple Inc. isn't the only California company with a China problem.

From Barbie dolls to bottles of Merlot, the slowdown in China's massive economy and the U.S.-China trade dispute are impeding sales growth for some other California companies doing business in China, serving Chinese tourists or pulling in Chinese investment. That's sending disquieting ripples through California's economy, which has grown more reliant on those cross-Pacific ties.

Apple was the latest to cite China's decelerating economy, a pullback in Chinese consumer spending, shifting product preferences and the trade fight when the Cupertino company last week issued a rare cut to its sales forecast.

Although some analysts partly blamed Apple and its lofty iPhone prices for the electronics giant's lowered projections, other companies and industries also said

You’re reading a preview, subscribe to read more.

More from Los Angeles Times

Los Angeles Times4 min readSocial History
Jackie Calmes: Donald Trump's Terrible, Horrible, No Good, Very Bad Second Term
Millions of us are justifiably focused on seeing that Donald Trump is held to account for what he's allegedly done in the past. Scheming to flip the legitimate 2020 election result and resisting the peaceful transfer of power, a first for U.S. presid
Los Angeles Times3 min readAmerican Government
Lawmakers Grill California Gov. Officials On Homelessness Spending After Audit Causes Bipartisan Frustration
LOS ANGELES — Democrats and Republicans expressed frustration Monday as they grilled Gov. Gavin Newsom's top housing officials in a tense legislative hearing about how billions of state dollars have been spent on the worsening homelessness crisis. T
Los Angeles Times4 min read
Commentary: What A Quail Taught Me About Grief By Joining A Flock Of Turkeys
It’s dusk in spring, and the seven-year anniversary of my mother’s death from cancer is approaching, a death that marked the end of my biological family. I want to text my friend Margot, who lost her dad to AIDS in the spring years ago, and ask, “How

Related Books & Audiobooks