Reported 2 days ago
China's services sector recorded its fastest growth in seven months, with the Caixin PMI rising to 52.2 in December, fueled by domestic demand. However, declining foreign orders and fears of increased U.S. tariffs under President Trump's upcoming administration have cast a shadow over economic optimism. Despite new business inflows improving, companies reported a decrease in staffing for the first time in four months due to cost pressures. Economic experts caution that persistent downward pressures from weak domestic demand and adverse external factors remain, necessitating proactive policy responses.
Source: YAHOO