China's services activity expanded in April at a slower pace, with Caixin services PMI falling to 52.5 from 52.7 in March.

China's services activity continued to expand in April, though at a slower pace, with the Caixin services PMI falling to 52.5 from 52.7 in March. The services sector expanded for 16 consecutive months, driven by a strong growth in new orders and accelerated by foreign demand, which increased at the fastest pace in ten months. The latest growth was supported by better external market conditions and rising tourism activity.

May 06, 2024
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