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China and the U.S. have a complicated economic relationship: competitive but codependent. But as tensions between Beijing and Washington rise, U.S. companies targeting China for future growth are facing strong headwinds. Just consider three core holdings in the portfolio: Apple , Starbucks , and Nvidia . All three companies maintain strong ties to the world’s second-largest economy. Nvidia generates 21% of its overall revenue from Mainland China, while Apple gets 19%, and Starbucks 9%. More importantly, all view China’s growing middle class as a still relatively untapped market for its products. And in the case of Apple, the place where…
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