Nike: wachsender Druck im chinesischen Markt

We need to translate from English to German, preserving numbers, percentages, dates, ticker symbols (none present), and well-known acronyms (AI, ETF, EPS). Also preserve proper nouns in conventional target-language form: Nike, Bell Global Equities Fund, Anta, Li-Ning, WSJ (Wall Street Journal) maybe keep as WSJ? It's an acronym, well-known, keep as-is. Also "Q4" keep as is. "June 28" keep as is. Also preserve the marker unchanged at end.

We need to translate as natural German prose, style like Handelsblatt, FAZ Wirtschaft: sachlich, präzis, fundiert.

We must use glossary: 'earnings' → 'Gewinn' (any inflection). 'revenue' → 'Umsatz'. 'bullish' → 'bullisch'. Keep as-is: EPS, P/E, RSI, IPO, ETF, EBITDA, ROE.

We need to translate paragraphs 1-3, preserving numbers etc.

Let's translate.

Paragraph 1:

"Nike faces headwinds in its once-thriving Chinese market. A May 12 WSJ report detailed mounting pressure, with sales growth slowing and local competitors gaining traction. Meanwhile, Nike's stock has declined 26% over the past year, with inventory issues and international weakness cited as concerns. Notably, Bell Global Equities Fund sold its Nike holdings in March due to recovery challenges and inflation pressure."

Translate:

"Nike sieht sich Gegenwind in seinem einst florierenden chinesischen Markt ausgesetzt. Ein Bericht der WSJ vom 12. Mai beschrieb den wachsenden Druck, wobei das Umsatzwachstum nachlässt und lokale Konkurrenten an Boden gewinnen. Gleichzeitig ist der Aktienkurs von Nike im vergangenen Jahr um 26 % gesunken, wobei Lagerbestandsprobleme und internationale Schwäche als Bedenken genannt werden. Besonders erwähnenswert: Der Bell Global Equities Fonds verkaufte seine Nike-Beteiligungen im März aufgrund von Herausforderungen bei der Erholung und Inflationsdruck."

Check: "sales growth" -> "Umsatzwachstum" (using Umsatz). Good. "stock" -> "Aktienkurs". "declined 26% over the past year" -> "ist im vergangenen Jahr um 26 % gesunken". Keep percent sign. "inventory issues" -> "Lagerbestandsprobleme". "international weakness" -> "internationale Schwäche". "Bell Global Equities Fund" -> maybe keep as "Bell Global Equities Fonds" (German translation of Fund). Usually keep as is? It's a proper noun; we can keep "Bell Global Equities Fund". But we might translate "Fund" to "