Reported about 8 hours ago
In October, China's services sector saw a modest expansion, with the purchasing managers' index falling slightly to 52.6, indicating growth amidst a deepening economic slowdown. Household spending and travel during holidays contributed positively, even as consumer demand remains sluggish. While policymakers aim to bolster domestic consumption, the services sector may still take a backseat to manufacturing and technology in future economic plans.
Source: YAHOO