China’s services sector growth hits seven-month high in Dec amid new business inflows


Jan. 06, 2025 12:53 AM ETFXI, PGJ, EWH, CAF, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, KURE, USD:CNY, CNY:USDBy: Meghavi Singh, SA News Editor
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Igor Kutyaev

China’s services activity rose to 52.2 in December, up from 51.5 in November, surpassing forecasts of 51.7, marking the fastest expansion since May, driven by strong domestic demand, official data showed.

The findings aligned with China’s official PMI released last week, which


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