China’s Caixin PMI services rises to 52.1, composite falls to 51.2

China’s Caixin PMI Services increased from 51.2 to 52.1 in July, surpassing the expected 51.4 and remaining in expansionary territory for the 19th consecutive month. Meanwhile, PMI Composite fell from 52.8 to 51.2, but still marking the ninth consecutive month of expansion. Wang Zhe, Senior Economist at Caixin Insight Group, noted that while the services […]

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