The services sector accounts for over half of China’s economy, providing an important buffer to mounting export pressures, but growth has been generally cooling over the past year as businesses and consumers grow more cautious on spending. Photo: Xinhua

China’s service sector activity rose to three-month high in August, Caixin PMI survey shows

  • The Caixin/Markit services purchasing managers’ index (PMI) picked up to 52.1 last month, the highest since May, compared with July’s 51.6
  • Data showed China’s economy improved in August prior to latest US trade tariff increase on September 1
Topic |   China economy

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The services sector accounts for over half of China’s economy, providing an important buffer to mounting export pressures, but growth has been generally cooling over the past year as businesses and consumers grow more cautious on spending. Photo: Xinhua
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