China a sweet spot for U.S. companies’ earnings in second-quarter

China a sweet spot for U.S. companies’ earnings in second-quarterBy Adam Jourdan SHANGHAI (Reuters) – Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year. Whether they sell construction equipment, semiconductors or coffee, many major U.S. companies have reported stronger second-quarter earnings and revenue from their Chinese operations in recent weeks. Chinese President Xi Jinping’s ambitious plan to build a new Silk Road that will improve links between China and dozens of countries in Asia and Europe, and includes many billions of dollars of new roads, bridges, railways and power plants – is also helping American firms to sell heavy equipment and other products.



Yahoo News – Latest News & Headlines