SHANGHAI -- More than 1,000 of China's roughly 3,600 listed companies suffered a net earnings decline for 2018, hurt by slumping consumer spending and the country's ongoing trade frictions with the U.S.
The 1,070 companies reporting a downturn in their December year-end results include more than 400 that expect to book a net loss. If the weak earnings hurt employment, China could face a new drag on economic growth.
