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China's services sector grew in October, with PMI rising to 52.0 amid government stimulus efforts.
In October, China's services sector expanded, with the Caixin/S&P Global Purchasing Managers' Index (PMI) rising to 52.0 from 50.3 in September, marking the fastest growth in three months.
This improvement signals positive effects from recent government stimulus measures aimed at boosting business conditions.
However, the overall economy grew at its slowest rate in early 2023, particularly due to struggles in the property sector.
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El sector de servicios de China creció en octubre, y el PMI aumentó a 52,0 en medio de los esfuerzos de estímulo del gobierno.