Reported 26 days ago
In July, China's services activity expanded at its fastest rate in 14 months, with the S&P Global China General Services PMI rising to 52.6 from 50.6, driven by increased demand and a rise in new export orders. This contrasts with the official survey which showed a slight decline to 50.0. The positive trend highlights a significant uptick in new business, particularly influenced by tourism and trade stability, although concerns linger about potential slowdowns in the second half of the year.
Source: YAHOO