American politicians have complained for years about China and other low-cost producers stealing U.S. jobs. Now the shoe is on the other foot, complicating the task of investors looking to play a Chinese growth rebound. The U.S. job market is at its best, by some measures, since the 1970s. Meanwhile, Chinese workers are being hit by a slowdown in labor-intensive exports and the lagging impact of last year’s shadow-banking crackdown, which particularly punished the private-sector companies that drive job growth. Small companies...

Source: Wall Street Journal April 18, 2019 10:18 UTC