Industrials Sector: China and Computer Chips

industrials sector: U.S. exports to China doubled over the decade through 2017 to 130 billion a year, according to the Census Bureau, according to Market Watch. Now that opportunity has become a potential liability for some companies as China's economy slows to its lowest rate of growth since 1990. Makers of everything from bulldozers to computer chips have bet heavily on growing business in a country of 1.4 billion people with an increasing appetite for world-class consumer goods and infrastructure. China is weaker than normal, weaker than seasonal, Keith Jackson, chief executive of ON Semiconductor Corp., said earlier this month. The companies in October said they were concerned about China's slowing economy, sparking a selloff in their shares and the broader U.S. industrials sector. Industrial bellwethers Caterpillar Inc. and 3M Co., which both make about a tenth of their sales in China, are set to report their latest earnings in the coming week. (news.financializer.com). As reported in the news.