Meishan, China – January 15: Textile workers work at the workshop of Sichuan Renshou Jinhui Textile Co., Ltd. in Meishan, Sichuan, China, on January 15, 2024. (Photo provided by Pan Jianyong/VCG, Getty Images)
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New economic data released by China on Wednesday shows the world's second-largest economy is still struggling to recover from the pandemic. Until the government gets serious about announcing consumption-driven economic stimulus, this could spell more bad news for U.S. companies with significant sales in China, including the three companies in our portfolio: . Starbucks, estee lauder and Wynn Resorts.