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The manufacturer said new equipment orders at its Otis elevator business experienced a 10% tumble last quarter in China alone. "The slowdown in China is worse than we had expected," Akhil Johri, chief financial officer at United Technologies, told analysts during a conference call. American stocks fell sharply last week. The Dow took its biggest weekly hit since January, falling nearly 3%, partly on concerns about a slowing Asia. Related: 6 biggest threats to the U.S. stock market Yet overall, corporate executives aren't freaking out about China this earnings season. It's a source of concern, but few CEOs are really sounding the alarm. Some companies -- Retro jordans for sale like Apple (AAPL, Tech30) and Nike (NKE) -- say they are doing great in China. Investors should listen closely as companies with significant exposure to China detail their latest quarterly numbers. 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But Hoguet believes Beijing will step in before that happens. China's government has a massive cash hoard of $4 trillion. It has already spent heavily to stop the country's stock market plunge, and it's central bank has aggressively lowered interest rates to aid the economy. Many Chinese banks are also owned by the government, which limits the spillover effect to other countries and investors. "They are a command-control society. If they say this loan is going to survive, then they are going to see that the loan survives," said Mark Luschini, chief investment strategist at Janney Capital Markets. Related: IMF warns U.S.: Your financial system is (still) vulnerable Chilling effect: Even if China's problems stay mostly within its own borders, it's clear the turmoil has changed the way investors look at the country. Chinese equities skyrocketed 150% during the 12 months before June 12. Then they crashed by 32%, spooking investors who feared it was a signal of deeper economic trouble. The run up in Chinese stocks was fueled by debt, heavy speculation and state-run media promoting stock buying. Regulators in China rushed to save the stock market. They rolled out a series of heavy-handed moves that helped stabilize financial markets. However, those aggressive actions may have a chilling effect on investors who had hoped Beijing was making its markets more free. "They had no problem allowing the market to run up. Only when prices began to fall did they rush to the rescue of it. You can't have it both ways," said Joy. Related: China's slowdown is slamming oil, gold & copper Related: China is taking 10 huge actions to save its stock market Related: Stock crash to slash $30 billion from China's growth CNNMoney (New York) July 26, 2015: 8:29 AM ETAir Jordan 13 Low 'Quai 54' - recently online exposure. 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