Reported 8 days ago
In September, China's services sector saw a slowdown in growth, with the Caixin/S&P Global services purchasing managers' index (PMI) falling to 50.3 from 51.6 in August, indicating the lowest expansion rate since last September. New business growth hit an 11-month low, while imports saw a slight increase. Employment expanded for the first time since August, despite rising operational costs. The overall economic confidence reached its lowest since March 2020, prompting calls for new policies to stimulate growth amid ongoing issues in domestic demand and a struggling property market.
Source: YAHOO