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12/3/2021, 2:47 AM (Source: TeleTrader)
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China's service sector sees softer expansion in November

Caixin China PMI landed at 52.1 in November, decreased compared to the figure of 53.8 recorded in October, according to a report released by the IHS Markit on Friday.

The headline figure landing above the neutral 50 marks a third successive monthly increase in Chinese services activity.

"Expectations that the coronavirus situation will improve were a major factor in this optimism," said Senior Economist at Caixin Insight Group Dr. Wang Zhe.

Baha Breaking the News (BBN) / NL