Speaking at a media briefing on Tuesday, Wang Bin, deputy director of the Ministry of Commerce’s market operation department, said retail sales growth for the first half of 2019 could rise 8.2 per cent, a slight increase from the 8.1 per cent recorded in the first five months. Photo: Simon Song

China’s service sector growth slows to lowest level in four months as trade war hits orders, sentiment

  • Caixin/Markit services purchasing managers’ index (PMI) fell to 52.0 in June from 52.7 in May, indicating further pressure on Chinese firms
  • Impact on exporters remains despite President Xi Jinping and US counterpart Donald Trump agreeing to a trade war truce at the G20 summit in Japan
Topic |   China economy

TOP PICKS

Speaking at a media briefing on Tuesday, Wang Bin, deputy director of the Ministry of Commerce’s market operation department, said retail sales growth for the first half of 2019 could rise 8.2 per cent, a slight increase from the 8.1 per cent recorded in the first five months. Photo: Simon Song
READ FULL ARTICLE