China's services activity grows modestly in February, Caixin PMI shows

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The Star 16h ago

China's services activity grows modestly in February, Caixin PMI shows - The Star

Quick Summary:

BEIJING: China's services activity slightly expanded in February, driven by a faster rebound in demand, including export orders, a private sector survey showed on Wednesday, though an escalating U.S.-Sino tariff war has cast uncertainty over the outlook.

For the first time in three months, services companies increased employment, with some attributing the hiring to higher volumes of new work.

Nomura said in a research note that factors such as the payback of export frontloading, the loss of momentum in trade-in programmes and heightened U.S.-China tensions could weigh on growth.