Multinationals' dependence on China grows as home markets fall
By Zhang Yuwei in New York | China Daily | Updated: 2013-07-24 07:20
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Many United States-based corporations, including Apple Inc, are increasingly dependent on China for sales. Apple now gets about 11 percent of its revenues from China, compared with 1.1 percent in 2009. Yan Daming / for China Daily |
One big thing to watch for this week will be the second-quarter earnings of certain Fortune Global 500 companies. A good lineup to start with would be Boeing Co, Caterpillar Inc, General Motors Co, 3M Co, United Technologies Corp and DuPont.
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