Investment

Yum China just gave investors a new reason to worry about the Chinese economy

1 Mins read

Yum China Holdings Inc. late Tuesday gave investors a fresh reason to worry about China’s economy.

Yum China’s shares YUMC fell about 9% in the extended session Tuesday after the owner of Pizza Hut, KFC and other fast-food brands in China missed Wall Street expectations for its third quarter, saying that “softening consumer demand” emerged in recent weeks, and cast doubt about its current quarter.

Quarterly…

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