China's Slowing Economy Leaves Companies With $2 Trillion in Excess Inventory
- Global manufacturing inventories up 30% since 2019 as China's economy slows
- Industrial machinery among hardest hit sectors due to falling demand
- China's slowing economy contributing to persistent inventory gluts
- Inventories totaled $2.12 trillion at end of September 2023
- Data based on tally of over 4,000 companies with comparable information