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China slump being felt in world's biggest firms

For many companies, business in China will get worse before it gets better; impact of slump likely to be seen in earnings reports out soon

China has been among the fastest-growing markets in the past decade for cars, luxury goods and raw materials, and the slowdown is particularly unwelcome now because emerging markets are also struggling and can't pick up the slack.


CHINA'S market slump is making itself felt in corporate earnings around the world.

French distiller Remy Cointreau SA, US fast-food company Yum! Brands Inc, UK luxury-goods maker Burberry Group Plc and South Africa's Kumba Iron Ore Ltd are among the companies taking a hit