This article only represents the author's own views.
There’s nothing like a storm of macroeconomic headwinds to power you towards your goals.
That’s a key theme in the latest results from auto trading company Cango Inc. (CANG.US), whose first-quarter financials mirror those of many other consumer-facing Chinese firms that are struggling in what’s arguably one of the most difficult business environments in decades. The difficulties owe to a number of factors, including a global chip shortage that is weighing on car manufacturing, and inflation that is promoting central banks to raise interest rates to highs not seen in decades.
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