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China's Service Sector Soars Amidst Manufacturing Struggles

6/8/2025

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Summary

Story summary

In May, China's service sector experienced a surge in optimism, with the Caixin PMI climbing to 51.1, even as manufacturing faced setbacks. Policymakers are determined to invigorate domestic demand through consumption and infrastructure investments. However, analysts warn that persistent external trade tensions and weak export orders pose ongoing threats to economic stability.

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Story summary

In May, China's service sector experienced a surge in optimism, with the Caixin PMI climbing to 51.1, even as manufacturing faced setbacks. Policymakers are determined to invigorate domestic demand through consumption and infrastructure investments. However, analysts warn that persistent external trade tensions and weak export orders pose ongoing threats to economic stability.