China's economy is struggling, but its homegrown companies are dominating abroad, Goldman Sachs says

Source: Business Insider

In the US, consumers have become increasingly familiar with Chinese upstarts like Labubu-maker Pop Mart, a symbol of how China's brands are going global. I Ryu/VCG/Getty ImagesChina's economy may be sputtering but its homegrown firms are cashing in overseas. China is moving beyond making cheap goods to exporting tech, intellectual property, and culture.