US companies that get large part of revenue in China

Time to read
less than
1 minute
Read so far

US companies that get large part of revenue in China

July 20, 2018 - 14:00
Posted in:
0 comments

More than a dozen US companies got at least $5 billion revenues in China last year, Bloomberg reports. Growing trade conflict between two countries will hurt companies from both sides, since it will lead to tariffs introduction and potential boycotting on behalf of consumers.

Great Wall in China | © panayota, CC0 1.0

More than a dozen US companies got at least $5 billion revenues in China last year, Bloomberg reports.

Growing trade conflict between two countries will hurt companies from both sides, since it will lead to tariffs introduction and potential boycotting on behalf of consumers.

Apple Inc. obtained 20% out of $229 billion of global sales in China. Intel Corp. follows Apple Inc. and earned $25 billion in China.

Qualcomm, Micron, Boeing and Broadcom received from $10 to $15 billion in Asian country.

Such companies as Nike and Procter&Gamble are down in the list with revenue at $5 billion earned in China.