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China's Service Sector Growth Hits Nine-Month Low

7/4/2025

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Summary

Story summary

China's services sector growth hit a nine-month low in June, with the Caixin services PMI dropping to 50.6.
A significant decline in foreign demand negatively affected export activities.
Service providers cut staffing levels in response to fewer new orders, while input costs increased.
Despite these challenges, service providers maintain optimism about future economic conditions.

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Story summary

China's services sector growth hit a nine-month low in June, with the Caixin services PMI dropping to 50.6.
A significant decline in foreign demand negatively affected export activities.
Service providers cut staffing levels in response to fewer new orders, while input costs increased.
Despite these challenges, service providers maintain optimism about future economic conditions.