Reported 4 months ago
A recent survey by the Caixin/S&P Global services PMI showed that China's services industry in May grew at its fastest rate in 10 months, with staffing levels expanding for the first time since January. The PMI rose to 54.0, indicating sustained recovery in the second quarter, and the composite PMI, which includes both services and manufacturing, reached 54.1, the highest in a year. Overall, the data suggests a robust expansion in business activity, with increased new business inflows and exports, although concerns about global economic conditions and rising prices dampened business confidence levels.
Source: YAHOO