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Caixin China General Services PMI
China's services economy commenced 2025 in growth territory as incoming new business continued to rise. That said, the pace of new business and activity growth softened since December. A lack of capacity pressure meanwhile resulted in another round of job shedding among service providers, though firms grew more optimistic regarding future activity at the start of the year. Turning to prices, the rate of selling price inflation softened despite an intensification of cost pressures. The seasonally adjusted headline Caixin China General Services Business Activity Index posted 51.0 in January, down from 52.2 in December. ... (full story)