China’s Offshore Equity Giants Barely Sell Anything to the U.S.

China’s Offshore Equity Giants Barely Sell Anything to the U.S.
Bloomberg Markets
A closer look at some of China’s biggest companies may help explain why investors have largely taken Donald Trump’s tariff threats in their stride.

Members of the MSCI China Index depend on the U.S. for just 5 percent of their sales, Citigroup Inc. strategists led by Robert Buckland wrote in a March 15 note. By comparison, North America accounts for about 22 percent of revenue for British firms, 17 percent for those based in the euro area and 15 percent for Japanese companies, according to the note.
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