IC670CPU350 Fanuc forecast a 34 percent drop in profit due to China’s economic slowdown
China accounts for about 30 percent of Fanuc's consolidated revenue. Destocking in China has been slower than expected, and demand for equipment investment has slowed. Consumption of mobile phones and other goods is sluggish, and sales of processing machines are also sluggish... Fanuc said on July 28 that it expects its consolidated net profit forDetails