News Snapshot:
Beijing [China], July 29 : The slowdown in China's economy has pushed many foreign companies to rethink on their heavy reliance on the Chinese market as the spiral economic downturn will have direct negative impact on their businesses, media reports said. The companies that flocked to the country to partake in boom times are being confronted by a sobering reality -- flat growth in what was once seen as a reliable economic opportunity. For instance, in 2010, a 123-year-old luxury mattress manufacturer, A.H. Beard, saw a huge potential in China's massive 1.4 billion consumer base. Australia also courted for business...
