Multiple global firms are expressing caution towards their business in China, due to a frail economic recovery from the pandemic slowdown. Procter & Gamble saw a 1% fall in overall volumes, while L'Oreal mentioned that the recovery in the Chinese market is slow. Intel's CEO Pat Gelsinger reported that the China market has not come back as strongly as expected. Furthermore, there were fewer new orders from China for ABB, while Citigroup expressed that the deceleration in growth was the "biggest disappointment.