U.S. companies feel a chill in China, even as many still rake in profits

By Simon Denyer, July 4, 2014

BEIJING — China is the fastest-growing major economy in the world and has seemed to hold boundless promise for foreign companies. In a country once inhabited by people in Mao suits, an expanding and urbanizing middle class is hungry for Western goods. One U.S. retailer alone — Gap — expects to triple its sales of clothing between 2013 and 2016.

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