China's services PMI expands more than expected in July amid robust demand conditions

seekingalpha08-05

The Caixin China General Services PMI rose to 52.1 in July 2024 from June’s 8-month low of 51.2, above market forecasts of 51.4, marking the 19th month of growth in services activity, amid a faster ...

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The Caixin China General Composite PMI fell to 51.2 in July 2024 from June's 52.8, pointing to the lowest figure since last October while indicating the ninth straight month of growth in private sector activity. \"Policy efforts should focus on stabilizing growth, improving employment, intensifying stimulus, ... and unleashing market vitality,\" said Dr. Wang Zhe, senior Economist at Caixin Insight Group.  ETFs: (FXI), (KWEB), (CQQQ), (MCHI), (ASHR), (YINN), (TDF), (CHIQ), (GXC), (EWH), (KBA), (YANG), (CXSE), (CAF), (CWEB), (PGJ), (KURE). Currency: (CNY:USD) More on China  China’s factory activity unexpectedly contracts for first time in nine months amid soft demand conditions China's factory activity shrinks for third month, services activity rise least in eight months PBOC unexpectedly cuts LPR rates and short-term policy rates to bolster economic recovery China's Q2 GDP growth slows to 4.7% below estimates amid property downturn, weak domestic demand China's consumer inflation rate softens in June amid weak domestic demand; PPI falls by 0.8%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2457792249"}