Replies to post #19850 on The Rising Influence of Rising Affluence

[DewDiligence]

Chinese nationalism—a/k/a anti-Americanism—is indeed a serious problem many of the multinational firms discussed on this board.

[DewDiligence]

NOK feels the heat:

https://www.wsj.com/articles/nokia-shares-slide-as-5g-troubles-prompt-a-profit-warning-11571904685

Nokia Corp. shares fell more than 20% after it cut profit guidance for this year and next and halted its dividend to cover the growing costs of rolling out equipment for 5G mobile networks. The telecom-equipment maker blamed shrinking profit margins on weak performance in China…

…Greater China made up 8% of Nokia’s net sales in the third quarter… But revenue from the region fell by 21% from the year-earlier period.

[DewDiligence]

Winter has arrived for US/China relationship (Barron’s op-ed):

https://www.barrons.com/articles/despite-trade-deal-its-winter-for-the-u-s-and-china-51577389985

[DewDiligence]

WSJ op-ed is anti-thematic to the premise of this board:

https://www.wsj.com/articles/coronavirus-strengthens-nationalist-currents-11588000021