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 read
Review: Elisabeth Moss Stars As A Spy Gone Rogue In FX's Thriller 'The Veil'
Elisabeth Moss has acted in more projects than you can remember for more years than you might guess, but it was "Mad Men" in 2007 that made her the reason to watch a show — an impression cemented by "Top of the Lake" and taken for granted by the time
Los Angeles Times7 min read
In Ukraine's Old Imperial City, Pastel Palaces Are In Jeopardy, But Black Humor Survives
ODESA, Ukraine — On a cool spring morning, as water-washed light bathed pastel palaces in the old imperial city of Odesa, the thunder of yet another Russian missile strike filled the air. That March 6 blast came within a few hundred yards of a convoy
Los Angeles Times3 min readCrime & Violence
Sean 'Diddy' Combs Seeks Dismissal Of Revenge Porn, Human Trafficking Claims In Lawsuit
Sean "Diddy" Combs' legal team is pushing back against his accusers in their civil suits as a federal sex-trafficking probe continues. His lawyers are asking a New York court to throw out portions of a sexual assault lawsuit filed by attorneys for Jo

Related Books & Audiobooks