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China Services Growth Picks Up With Economy Pressured by Tariffs

China Services Growth Picks Up With Economy Pressured by Tariffs

Bloomberg03-04-2025
China's service activity picked up in March, according to a private survey, a welcome sign before extra US tariffs pile pressure on the world's second-largest economy.
The Caixin China services purchasing managers' index rose to 51.9, versus 51.4 in February, according to a statement from Caixin and S&P Global on Thursday. The median forecast of economists surveyed by Bloomberg was 51.5. Any reading above 50 suggests expansion.
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