Less money spent on European goods has severe implications for profits, share prices, and jobs. Goldman Sachs suggests selling European stocks heavily reliant on Chinese sales.
Luxury brands and car makers, including Hugo Boss and Burberry, are facing pressure from China's slowdown, affecting their profitability and triggering profit warnings.
China's economic challenges, including property crisis, consumer spending decline, and trade tensions, contribute to a bleak outlook for European companies reliant on Chinese demand.
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