Services and consumption in China are gaining momentum at a quickening pace on the back of holiday spending this spring, with an overall accelerated expansion of production and business activity also witnessed in the market, a private survey showed on Monday. Experts suggest that further policy efforts should focus on keeping employment stable, increasing incomes and boosting market expectations. The Caixin China General Services Purchasing Managers' Index rose to 57.1 in May from 56.4 in April, higher than the 54.5 official figure and marking the second fastest expansion since December 2020, media group Caixin said ... (full story)