That comes as China's post-COVID economic recovery has fizzled, with consumer demand remaining weak. Nike sounded another alarm on China's economy, signaling that weak consumer demand may continue hanging over companies that do business there despite Beijing's efforts to stimulate growth. In its fiscal second-quarter report late Thursday, the sports apparel giant beat earnings views, but its 1% revenue gain to $13.39 billion missed forecasts for $13.43 billion. Greater China sales rose 4% to $1.86 billion, below the expected $1.95 billion as growth slowed from the prior quarter.