Tuesday 20 March 2018

Dell latest casualty of China slowdown

Getty Images
Getty Images

Aaron Ricadela and Mark Milian

COMPUTER giant Dell, which employs close to 2,000 people in Ireland, is seeing a slowdown in China, adding to the list of companies dealing with slackening growth in the world's most populous country.

"There are some challenges in China right now," company head Michael Dell told a conference in, Colorado. He and the company's board plan to visit the country in early September. Asked whether sales were slowing there, Dell said: "That would be an accurate statement."

Dell's comments add the Texas company to a growing list of tech businesses facing lacklustre sales growth in China.

China recorded its weakest expansion in three years in the second quarter, when its economy advanced 7.6pc from a year earlier, a government report in Beijing showed on July 13.

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