China services sector activity grows as expected in March- Caixin PMI
Investing.com-- China service sector activity grew as expected in March, a private survey showed on Wednesday, as persistent measures from Beijing to shore up liquidity and improve local demand helped spur new business. grew 52.7 in March, as expected. The index picked up slightly from the 52.5 reading seen in the prior month.
Employment in the sector remained weak, while cost price inflation also failed to pick up substantially, Caixin analysts said in a note. But despite the recent improvements in PMI data, the Chinese economy still has a long and difficult road ahead to reach pre-COVID highs.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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