Reported 21 days ago
In October, China's services sector expanded at its fastest rate in three months, with the Caixin/S&P Global services PMI rising to 52.0 from 50.3, signaling improved business conditions aided by government stimulus measures. The economy's growth pace, however, remains slow, with challenges such as weak property sector stability and declining new business inflows from abroad. Despite these concerns, confidence levels increased, suggesting potential for further recovery if consumer demand improves.
Source: YAHOO