From fried chicken to pressed aluminum, Chinese demand for U.S. goods is waning. The decline, highlighted again in a series of fresh reports, threatens to sap corporate America profits, and reflects the broad trade ties between the two countries.
Three corporate giants yesterday all made noises about how bad it has become in China. The first: Alcoa, the world’s largest aluminum maker. (Its quarterly report marks the beginning of each corporate earnings season.) Alcoa lowered its forecast of aluminum-demand growth in 2012 to 6% from 7%.
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