China's services activity expansion eases in Nov, Caixin PMI shows

Quick Summary:

The Caixin/S&P Global services PMI fell to 51.5 from 52.

The Caixin/S&P Global Composite PMI, which combines the manufacturing and services PMIs, rose to 52.3 from 51.9, driven by faster expansion in the manufacturing sector.

Beijing has responded with a series of policy measures, including increased fiscal support and monetary easing, to shore up economic growth.

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Category: EconomyBusiness

Markets: SingaporeChina

Topics: November China’s Economy Showed Business Services Pressure Growth Confidence Global Expansion

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Article Type: News Report

Published On: 2024-12-04 @ 10:45:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 489 words

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