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 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2457792249?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1322520591/image_1322520591.jpg","is_english":true,"pubTime":"2024-08-05 13:18","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2457792249","market":"hk","top_or_hot":-1,"title":"China's services PMI expands more than expected in July amid robust demand conditions","media":"seekingalpha","content":"<div>\n<p>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 ...</p>\n\n<a href=\"https://seekingalpha.com/news/4133709-chinas-services-pmi-expands-more-than-expected-in-july-amid-robust-demand-conditions\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's services PMI expands more than expected in July amid robust demand conditions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's services PMI expands more than expected in July amid robust demand conditions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-05 13:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4133709-chinas-services-pmi-expands-more-than-expected-in-july-amid-robust-demand-conditions><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://seekingalpha.com/news/4133709-chinas-services-pmi-expands-more-than-expected-in-july-amid-robust-demand-conditions\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KBA","symbol_name":"KraneShares Bosera MSCI China A 50 Connect Index ETF","start_time":0,"source_url":"https://seekingalpha.com/news/4133709-chinas-services-pmi-expands-more-than-expected-in-july-amid-robust-demand-conditions","article_id":"2457792249","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1322520591/image_1322520591.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457792249","pubTimestamp":1722835091,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"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 ri","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"KBA":"KraneShares Bosera MSCI China A 50 Connect Index ETF","CAF":"摩根史坦利中国A股指数基金","BK4588":"碎股","FXI":"中国大盘股ETF-iShares","YINN":"三倍做多富时中国ETF-Direxion","CQQQ":"中国科技指数ETF-Guggenheim","MCHI":"中国ETF-iShares MSCI","ASHR":"德银沪深300指数ETF","GXC":"中国ETF-SPDR S&P","BK4504":"桥水持仓","CWEB":"两倍做多沪深中国互联网股票ETF-Direxion","PGJ":"中国ETF-PowerShares Gldn Drago","CHIQ":"中国消费者指数ETF-Global X","TDF":"Templeton Dragon Fund Inc","CXSE":"WisdomTree China ex-State-Owned Enterprises Fund","EWH":"香港ETF-iShares MSCI","KURE":"KraneShares MSCI All China Health Care Index ETF","YANG":"三倍做空富时中国ETF-Direxion","KWEB":"中国海外互联网ETF-KraneShares","BK4585":"ETF&股票定投概念"},"translate_title":"需求强劲中国7月服务业PMI扩张超预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FXI":1,"YINN":1,"YANG":1,"TDF":1,"PGJ":1,"MCHI":1,"KWEB":1,"KURE":1,"KBA":1,"GXC":1,"ASHR":1,"EWH":1,"CXSE":1,"CWEB":1,"CQQQ":1,"CHIQ":1,"CAF":1},"content_text":"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 rise in new orders, a sustained rise in export sales, and robust employment. 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":"4.28.1","shortVersion":"4.28.1","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"}