China is the world’s biggest country, second-largest economy and top nation for smartphone sales. It’s also driving tech investors crazy.
Economic growth is slowing faster than many experts expected. Add to that uncertainty surrounding when and to what degree the Chinese government will weaken its currency to boost exports.
Just as China is becoming an increasingly crucial market for U.S. tech companies, its volatility is making future earnings hard to predict. As the Nasdaq closes out its worst month since the 2008 financial crisis, down 10 percent as of Thursday’s close, China is on everyone’s lips.
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This article originally appeared on Recode.net.
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