After Hitting a 15-Month High, Growth in China’s Services Sector Cools

Photo: VCG
Caixin’s survey found that the services sector expanded at a slower pace in May, with growth of new export business slowing significantly from the previous month amid China-U.S. trade tensions
“Employment and business confidence, in particular, merit policymakers’ attention,” said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, an affiliate of Caixin Global.
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