With China's economic slowdown affecting many businesses, the Wall Street Journal has listed the winners and losers so far. Anglo-Australian miner BHP Billiton, French energy-equipment maker Schneider Electric and General Motors are suffering losses in China following years of profits, as they benefitted from China's 10%-plus growth and a surging middle class. The Dow Jones Industrial Average fell more than 500 points on Monday to close at 15,788.94, its worst one-day point drop since May 2011.
With China's economic slowdown affecting many businesses, the Wall Street Journal has listed the winners and losers so far. Anglo-Australian miner BHP Billiton, French energy-equipment maker Schneider Electric and General Motors are suffering losses in China following years of profits, as they benefitted from China's 10%-plus growth and a surging middle class. Firms such as Samsonite International, Apple Inc and Adidas are doing relatively well since retail demand continues to remain strong.