A sharp rise in input costs for labour and raw materials put pressure on Chinese companies. Photo: Bloomberg

China’s service sector growth slows to seven-month low in September, despite increase in new orders

  • Caixin/Markit service sector purchasing managers’ index (PMI) fell to 51.3 in September, down from 52.1 in August
  • Sharp rise in input costs for labour and raw materials put pressure on companies, restraining business confidence, analyst says
Topic |   China economy

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A sharp rise in input costs for labour and raw materials put pressure on Chinese companies. Photo: Bloomberg
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Instant noodles are an iconic consumer product associated with China’s rapid industrialisation. Photo: Bloomberg

China’s rising instant noodle sales revive debate over if Chinese consumers are spending less

  • Sharp recovery in sales renews talk of whether people are tightening their belts because of economic worries
  • Instant noodle sales slipped to 38.5 billion in 2016, but rose back to more than 40 billion servings last year – or more than 38.8 per cent of total global sales
Topic |   China economy

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Instant noodles are an iconic consumer product associated with China’s rapid industrialisation. Photo: Bloomberg
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