A China Warning From Russia in Earnings Season

By WSJ-The Editorial Board
April 15, 2022

The Ukraine war is coming to Wall Street as a new earnings season gets underway and more companies write down their Russia investments. Which should prompt a question for CEOs and shareholders: What about China?

China is a much larger economy than Russia, and Western executives might conclude it would be a disservice to shareholders not to compete in that market. Yet precisely because of China’s size, the economic risks associated with a possible conflict would be much greater. Russia write-downs are a warning to Western executives to start preparing now for the possibility that danger is ahead.

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