China's services activity expands further, but external demand slows, Caixin PMI shows
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BING NEWS:
- China's services activity expansion slows in August, Caixin PMI shows
Growth in China's services sector activity slowed in August despite the summer travel peak, prompting some firms to cut staff amid concerns about rising costs, a private-sector survey showed on ...
09/3/2024 - 4:10 pm | View Link - China Caixin PMI Signals Slower Growth in Services Sector
A private gauge of China’s service activity expanded at a slower clip in August, as Beijing strives to stimulate domestic demand.
09/3/2024 - 1:00 pm | View Link - China's manufacturing PMI contracts 49.1 in August; Caixin manufacturing PMI returns to modest growth
Meanwhile, the services PMI ... factory activity unexpectedly contracts for first time in nine months amid soft demand conditions PBOC unexpectedly cuts LPR rates and short-term policy rates to ...
09/1/2024 - 5:28 pm | View Link - China’s sweltering heat pushes Shanghai power demand to record
Electricity demand in Shanghai has hit a record as temperatures surged to 40.4 degrees Celsius (deg C) on Sunday (Aug 4), close to the city’s all-time high of 40.9 deg C first recorded in 1873 and ...
08/5/2024 - 1:16 am | View Link - Five reasons why China's economy is in trouble
China's economy is slowing down as it adapts to a punishing zero-Covid strategy and weakening global demand ... major services under pressure. On the manufacturing side, factory activity appears ...
10/3/2022 - 1:00 pm | View Link - More
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