China's services sector activity grows fastest in three months

ru.investing.com (Russian)

China's services sector activity expanded at its fastest pace in three months in May, driven by strong domestic demand and new clients. The Caixin services PMI rose to 54.4 in May from 52.6 in April, exceeding expectations. New orders accelerated, and export orders returned to growth. Staffing increased for the first time in four months, while cost inflation rose due to higher oil, fuel, and wage prices.


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