China A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High

Reuters2025-04-03

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Comments

Dr Rck
2025-04-03
Dr Rck
But it didnt mention at the same time the level of employment fell sharply in China, I get it: save the market first! Alright..
Blackpirate
2025-04-03
Blackpirate
What does this translate to for the market tonight?
Dr Rck
2025-04-03
Dr Rck
Staffing level at a decline is worrisome while services picks up! Plus, with the introduction of tariffs, at least the rise is able to withstand the onslaught by the Trump administration! Still, the market is precarious, tread with caution!

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The bank added that stronger-than-expected activity in January-February was another reason.</p><p>However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.</p><p>Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world&#39;s second-biggest economy.</p><p>About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.</p><p>Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.</p><p>Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.</p><p>But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.</p><p>Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.</p></body></html>","source":null,"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 A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High</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 A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-03 10:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China&#39;s services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.</p><p>China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/55d30cd030c54bc51a5ddb4c9cd8b169\" title=\"\" tg-width=\"874\" tg-height=\"625\"/></p><p>The Caixin/S&amp;P Global services purchasing managers&#39; index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.</p><p>The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.</p><p>The activity surveys sent an encouraging sign on China&#39;s economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.</p><p>However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.</p><p>Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world&#39;s second-biggest economy.</p><p>About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.</p><p>Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.</p><p>Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.</p><p>But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.</p><p>Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JD","symbol_name":"京东","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250403:nZRN00B95Z:2","article_id":"2524420788","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524420788","pubTimestamp":1743646019,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"New services business growth strongest since DecemberStaffing levels decline at quickest pace in nearly a year(Reuters) - China's services activity rose to three-month high in March, with both busines","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"JD":"京东","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","BILI":"哔哩哔哩","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","NIO":"蔚来","RLX":"雾芯科技","SG9999001689.USD":"施罗德亚洲成长股票","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU2293690249.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USDHDG) ACC","BEKE":"贝壳","PDD":"拼多多","BK5152":"综合性银行","WB":"微博","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","BIDU":"百度","LU0171293334.USD":"贝莱德英国基金A2","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU2293690082.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) INC","EDU":"新东方","TME":"腾讯音乐","LI":"理想汽车","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","LU0106831901.USD":"贝莱德世界金融基金A2","BABA":"阿里巴巴","XPEV":"小鹏集团","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","NTES":"网易","LU0889565080.SGD":"FTIF - Templeton European Opportunities A Acc SGD-H1","LU0161305163.EUR":"SCHRODER ISF EUROPEAN VALUE \"A\" (EUR) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","GOTU":"高途","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","VIPS":"唯品会","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","TCOM":"携程网","IQ":"爱奇艺","LU2539964713.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD"},"translate_title":"中国A50指数期货转正扭转3%跌幅因中国服务业活动升至三个月高位","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TCOM":1.1,"EDU":1.1,"GOTU":1.1,"XPEV":1.1,"NTES":1.1,"JD":1.1,"RLX":1.1,"WB":1.1,"TME":1.1,"VIPS":1.1,"YY":1.1,"LI":1.1,"BABA":1.1,"BIDU":1.1,"IQ":1.1,"PDD":1.1,"BEKE":1.1,"BILI":1.1,"NIO":1.1},"content_text":"China's services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.The Caixin/S&P Global services purchasing managers' index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.The activity surveys sent an encouraging sign on China's economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world's second-biggest economy.About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.\"In 2025, as the external environment becomes increasingly severe and complex, China's macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,\" said Wang Zhe, economist at Caixin Insight Group.The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.\"In 2025, as the external environment becomes increasingly severe and complex, China's macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,\" said Wang Zhe, economist at Caixin Insight Group.The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":true,"code":"91000000","status":"200"},"commentList":[{"id":420312834957616,"gmtCreate":1743646380818,"gmtModify":1743646384713,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3576157343730083","authorIdStr":"3576157343730083"},"htmlText":"But it didnt mention at the same time the level of employment fell sharply in China, I get it: save the market first! Alright..","listText":"But it didnt mention at the same time the level of employment fell sharply in China, I get it: save the market first! Alright..","text":"But it didnt mention at the same time the level of employment fell sharply in China, I get it: save the market first! Alright..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/420312834957616","repostId":2524420788,"repostType":2,"repost":{"id":"2524420788","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1743646019,"share":"https://ttm.financial/m/news/2524420788?lang=en_US&edition=fundamental","pubTime":"2025-04-03 10:06","market":"nz","language":"en","title":"China A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High","url":"https://stock-news.laohu8.com/highlight/detail?id=2524420788","media":"Reuters","summary":"New services business growth strongest since DecemberStaffing levels decline at quickest pace in nearly a year(Reuters) - China's services activity rose to three-month high in March, with both busines","content":"<html><head></head><body><p>China&#39;s services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.</p><p>China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/55d30cd030c54bc51a5ddb4c9cd8b169\" title=\"\" tg-width=\"874\" tg-height=\"625\"/></p><p>The Caixin/S&amp;P Global services purchasing managers&#39; index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.</p><p>The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.</p><p>The activity surveys sent an encouraging sign on China&#39;s economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.</p><p>However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.</p><p>Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world&#39;s second-biggest economy.</p><p>About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.</p><p>Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.</p><p>Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.</p><p>But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.</p><p>Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.</p></body></html>","collect":0,"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 A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High</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 A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-03 10:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China&#39;s services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.</p><p>China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/55d30cd030c54bc51a5ddb4c9cd8b169\" title=\"\" tg-width=\"874\" tg-height=\"625\"/></p><p>The Caixin/S&amp;P Global services purchasing managers&#39; index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.</p><p>The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.</p><p>The activity surveys sent an encouraging sign on China&#39;s economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.</p><p>However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.</p><p>Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world&#39;s second-biggest economy.</p><p>About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.</p><p>Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.</p><p>Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.</p><p>But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.</p><p>Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","BILI":"哔哩哔哩","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","NIO":"蔚来","RLX":"雾芯科技","SG9999001689.USD":"施罗德亚洲成长股票","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU2293690249.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USDHDG) ACC","BEKE":"贝壳","PDD":"拼多多","BK5152":"综合性银行","WB":"微博","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","BIDU":"百度","LU0171293334.USD":"贝莱德英国基金A2","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU2293690082.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) INC","EDU":"新东方","TME":"腾讯音乐","LI":"理想汽车","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","LU0106831901.USD":"贝莱德世界金融基金A2","BABA":"阿里巴巴","XPEV":"小鹏集团","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","NTES":"网易","LU0889565080.SGD":"FTIF - Templeton European Opportunities A Acc SGD-H1","LU0161305163.EUR":"SCHRODER ISF EUROPEAN VALUE \"A\" (EUR) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","GOTU":"高途","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","VIPS":"唯品会","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","TCOM":"携程网","IQ":"爱奇艺","LU2539964713.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250403:nZRN00B95Z:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2524420788","content_text":"China's services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.The Caixin/S&P Global services purchasing managers' index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.The activity surveys sent an encouraging sign on China's economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world's second-biggest economy.About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.\"In 2025, as the external environment becomes increasingly severe and complex, China's macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,\" said Wang Zhe, economist at Caixin Insight Group.The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.\"In 2025, as the external environment becomes increasingly severe and complex, China's macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,\" said Wang Zhe, economist at Caixin Insight Group.The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.","news_type":1,"symbols_score_info":{"TCOM":1.1,"EDU":1.1,"GOTU":1.1,"XPEV":1.1,"NTES":1.1,"JD":1.1,"RLX":1.1,"WB":1.1,"TME":1.1,"VIPS":1.1,"YY":1.1,"LI":1.1,"BABA":1.1,"BIDU":1.1,"IQ":1.1,"PDD":1.1,"BEKE":1.1,"BILI":1.1,"NIO":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":420313527193976,"gmtCreate":1743646351358,"gmtModify":1743646355003,"author":{"id":"3582631897163588","authorId":"3582631897163588","name":"Blackpirate","avatar":"https://community-static.tradeup.com/news/2adcbbec7d85e9b8c19a2767b3d31c7f","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":12,"crmLevelSwitch":1,"wearingBadges":[],"idStr":"3582631897163588","authorIdStr":"3582631897163588"},"htmlText":"What does this translate to for the market tonight?","listText":"What does this translate to for the market tonight?","text":"What does this translate to for the market tonight?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/420313527193976","repostId":2524420788,"repostType":2,"repost":{"id":"2524420788","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1743646019,"share":"https://ttm.financial/m/news/2524420788?lang=en_US&edition=fundamental","pubTime":"2025-04-03 10:06","market":"nz","language":"en","title":"China A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High","url":"https://stock-news.laohu8.com/highlight/detail?id=2524420788","media":"Reuters","summary":"New services business growth strongest since DecemberStaffing levels decline at quickest pace in nearly a year(Reuters) - China's services activity rose to three-month high in March, with both busines","content":"<html><head></head><body><p>China&#39;s services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.</p><p>China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/55d30cd030c54bc51a5ddb4c9cd8b169\" title=\"\" tg-width=\"874\" tg-height=\"625\"/></p><p>The Caixin/S&amp;P Global services purchasing managers&#39; index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.</p><p>The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.</p><p>The activity surveys sent an encouraging sign on China&#39;s economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.</p><p>However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.</p><p>Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world&#39;s second-biggest economy.</p><p>About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.</p><p>Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.</p><p>Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.</p><p>But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.</p><p>Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.</p></body></html>","collect":0,"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 A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High</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 A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-03 10:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China&#39;s services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.</p><p>China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/55d30cd030c54bc51a5ddb4c9cd8b169\" title=\"\" tg-width=\"874\" tg-height=\"625\"/></p><p>The Caixin/S&amp;P Global services purchasing managers&#39; index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.</p><p>The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.</p><p>The activity surveys sent an encouraging sign on China&#39;s economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.</p><p>However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.</p><p>Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world&#39;s second-biggest economy.</p><p>About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.</p><p>Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.</p><p>Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.</p><p>But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.</p><p>Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","BILI":"哔哩哔哩","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","NIO":"蔚来","RLX":"雾芯科技","SG9999001689.USD":"施罗德亚洲成长股票","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU2293690249.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USDHDG) ACC","BEKE":"贝壳","PDD":"拼多多","BK5152":"综合性银行","WB":"微博","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","BIDU":"百度","LU0171293334.USD":"贝莱德英国基金A2","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU2293690082.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) INC","EDU":"新东方","TME":"腾讯音乐","LI":"理想汽车","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","LU0106831901.USD":"贝莱德世界金融基金A2","BABA":"阿里巴巴","XPEV":"小鹏集团","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","NTES":"网易","LU0889565080.SGD":"FTIF - Templeton European Opportunities A Acc SGD-H1","LU0161305163.EUR":"SCHRODER ISF EUROPEAN VALUE \"A\" (EUR) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","GOTU":"高途","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","VIPS":"唯品会","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","TCOM":"携程网","IQ":"爱奇艺","LU2539964713.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250403:nZRN00B95Z:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2524420788","content_text":"China's services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.The Caixin/S&P Global services purchasing managers' index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.The activity surveys sent an encouraging sign on China's economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world's second-biggest economy.About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.\"In 2025, as the external environment becomes increasingly severe and complex, China's macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,\" said Wang Zhe, economist at Caixin Insight Group.The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.\"In 2025, as the external environment becomes increasingly severe and complex, China's macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,\" said Wang Zhe, economist at Caixin Insight Group.The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.","news_type":1,"symbols_score_info":{"TCOM":1.1,"EDU":1.1,"GOTU":1.1,"XPEV":1.1,"NTES":1.1,"JD":1.1,"RLX":1.1,"WB":1.1,"TME":1.1,"VIPS":1.1,"YY":1.1,"LI":1.1,"BABA":1.1,"BIDU":1.1,"IQ":1.1,"PDD":1.1,"BEKE":1.1,"BILI":1.1,"NIO":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":420429679722648,"gmtCreate":1743645581792,"gmtModify":1743647869504,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"wearingBadges":[],"idStr":"3576157343730083","authorIdStr":"3576157343730083"},"htmlText":"Staffing level at a decline is worrisome while services picks up! Plus, with the introduction of tariffs, at least the rise is able to withstand the onslaught by the Trump administration! Still, the market is precarious, tread with caution!","listText":"Staffing level at a decline is worrisome while services picks up! Plus, with the introduction of tariffs, at least the rise is able to withstand the onslaught by the Trump administration! Still, the market is precarious, tread with caution!","text":"Staffing level at a decline is worrisome while services picks up! Plus, with the introduction of tariffs, at least the rise is able to withstand the onslaught by the Trump administration! Still, the market is precarious, tread with caution!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/420429679722648","repostId":2524420788,"repostType":2,"repost":{"id":"2524420788","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1743646019,"share":"https://ttm.financial/m/news/2524420788?lang=en_US&edition=fundamental","pubTime":"2025-04-03 10:06","market":"nz","language":"en","title":"China A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High","url":"https://stock-news.laohu8.com/highlight/detail?id=2524420788","media":"Reuters","summary":"New services business growth strongest since DecemberStaffing levels decline at quickest pace in nearly a year(Reuters) - China's services activity rose to three-month high in March, with both busines","content":"<html><head></head><body><p>China&#39;s services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.</p><p>China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/55d30cd030c54bc51a5ddb4c9cd8b169\" title=\"\" tg-width=\"874\" tg-height=\"625\"/></p><p>The Caixin/S&amp;P Global services purchasing managers&#39; index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.</p><p>The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.</p><p>The activity surveys sent an encouraging sign on China&#39;s economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.</p><p>However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.</p><p>Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world&#39;s second-biggest economy.</p><p>About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.</p><p>Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.</p><p>Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.</p><p>But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.</p><p>Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.</p></body></html>","collect":0,"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 A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High</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 A50 Index Futures Turn Positive, Reversing From a 3% Loss as China's Services Activity Rises to Three-Month High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-04-03 10:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China&#39;s services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.</p><p>China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/55d30cd030c54bc51a5ddb4c9cd8b169\" title=\"\" tg-width=\"874\" tg-height=\"625\"/></p><p>The Caixin/S&amp;P Global services purchasing managers&#39; index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.</p><p>The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.</p><p>The activity surveys sent an encouraging sign on China&#39;s economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.</p><p>However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.</p><p>Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world&#39;s second-biggest economy.</p><p>About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.</p><p>&#34;In 2025, as the external environment becomes increasingly severe and complex, China&#39;s macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,&#34; said Wang Zhe, economist at Caixin Insight Group.</p><p>The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.</p><p>Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.</p><p>Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.</p><p>But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.</p><p>Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JD":"京东","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","BILI":"哔哩哔哩","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","NIO":"蔚来","RLX":"雾芯科技","SG9999001689.USD":"施罗德亚洲成长股票","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU2293690249.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USDHDG) ACC","BEKE":"贝壳","PDD":"拼多多","BK5152":"综合性银行","WB":"微博","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","BIDU":"百度","LU0171293334.USD":"贝莱德英国基金A2","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU2293690082.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) INC","EDU":"新东方","TME":"腾讯音乐","LI":"理想汽车","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","LU0106831901.USD":"贝莱德世界金融基金A2","BABA":"阿里巴巴","XPEV":"小鹏集团","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","NTES":"网易","LU0889565080.SGD":"FTIF - Templeton European Opportunities A Acc SGD-H1","LU0161305163.EUR":"SCHRODER ISF EUROPEAN VALUE \"A\" (EUR) ACC","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","GOTU":"高途","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","VIPS":"唯品会","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","TCOM":"携程网","IQ":"爱奇艺","LU2539964713.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250403:nZRN00B95Z:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2524420788","content_text":"China's services activity rose to three-month high in March, with both business activity and new orders picking up from February, a private sector survey showed on Thursday.China A50 index futures turn positive at one time on the news, reversing an initial loss of nearly 3%.The Caixin/S&P Global services purchasing managers' index (PMI), rose to 51.9 from 51.4 in February, the highest reading since December.The result is roughly in line with the official survey, which showed services PMI rose to 50.3 from 50.0.The activity surveys sent an encouraging sign on China's economic growth in March, which prompted Standard Chartered on Wednesday to revise up its GDP growth forecast for China to 5.2% year-on-year in the first quarter from 4.8%. The bank added that stronger-than-expected activity in January-February was another reason.However, U.S. President Donald Trump announced on Wednesday that he would impose a 10% baseline tariff on all imports to the U.S. and higher duties on dozens of other countries.Chinese imports will be hit with a 34% tariff, on top of the 20% he previously imposed, bringing the total new levy to 54%, threatening the growth momentum and strong exports from the world's second-biggest economy.About 48% of employees worked in China’s services industry by 2023 and the sector contributed 56.7% to total GDP last year. But Trump’s trade actions may hit the manufacturing sector hard, cloud business hiring plans and damp consumer confidence amid job and income uncertainties.\"In 2025, as the external environment becomes increasingly severe and complex, China's macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,\" said Wang Zhe, economist at Caixin Insight Group.The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March. According to respondents, the new orders were aided by supportive policies, marketing efforts and a broad improvement in demand conditions.\"In 2025, as the external environment becomes increasingly severe and complex, China's macroeconomic policies need to be more proactive and decisive, with measures implemented as soon as possible to support a sustained economic recovery,\" said Wang Zhe, economist at Caixin Insight Group.The Caixin services survey showed that new business growth rose to the strongest level since December, stemming mainly from firmer domestic demand, while the volume of new export business was unchanged in March.Business sentiment in the services sector remained upbeat in March, as panellists hoped that supportive domestic policies and business development efforts will boost sales and output in the next 12 months.Average input prices rose in March after falling fractionally in the prior month, but average output charges declined at the fastest pace in six months. Services firms opted to absorb any cost increases.But employment rang an alarm bell, as staffing levels declined at the fastest pace in 11 months. According to respondents, both resignations and redundancies led to the latest fall in employment, with the latter partly driven by cost concerns.Economic professors from Peking University have called for ramping up support for the services sector to boost consumption, as the current consumer goods trade-in subsidy scheme is too limited.","news_type":1,"symbols_score_info":{"TCOM":1.1,"EDU":1.1,"GOTU":1.1,"XPEV":1.1,"NTES":1.1,"JD":1.1,"RLX":1.1,"WB":1.1,"TME":1.1,"VIPS":1.1,"YY":1.1,"LI":1.1,"BABA":1.1,"BIDU":1.1,"IQ":1.1,"PDD":1.1,"BEKE":1.1,"BILI":1.1,"NIO":1.1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":6,"commentSize":3,"repostSize":3,"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,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","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/2524420788","isCrawlerRequest":true}