Gloomy Signs Pile Up for China Sportswear Stocks as Anta Reports

China’s sportswear stocks have been in a funk amid the nation’s sluggish consumption recovery. Analysts say earnings results of Anta Sports Products Ltd., one of the industry leaders on the mainland, may do little to lure back investors. #press

https://www.bloomberg.com/news/articles/2023-08-22/gloomy-signs-before-anta-2020-hk-results-dampen-china-sportswear-outlook?utm_source=press.coop

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I think in general the West is just learning to find out that China πŸ‡¨πŸ‡³ has been in an Economic woe. I still remember back in 2019 that the economic engine of this mythical dragon was already showing signs of weakness. In the rural countryside many farmers had already face extreme difficulties in agriculture πŸ‘¨β€πŸŒΎ, might have been Trumps agricultural feud with China πŸ‡¨πŸ‡³ idk for sure. Yet some troubles had begun, and they truly never recovered even after China πŸ‡¨πŸ‡³ removed the lockdown policies. It had a jump but it seems the Ukraine πŸ‡ΊπŸ‡¦ war is making China πŸ‡¨πŸ‡³ lose in many areas. I’ve been hearing that China πŸ‡¨πŸ‡³ is the one demanding for a BRICS push and is being lenient on requirements since they need trading partners. I honestly wonder how long can China πŸ‡¨πŸ‡³ keep buying worthless Russian Rubles and pay πŸ’° international debt. Another Real Estate company Evergrande is asking for bankruptcy protection. A company who survived by offering promise notes but now has come to end. It seems that if economic growth is truly desired, China πŸ‡¨πŸ‡³ has to patch up the divisions it is sown in the international community.