China’s services sector expands at fastest pace in 14 months in July to 52.6

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Igor Kutyaev

The Caixin China General Services PMI jumped to 52.6 in July, the highest since May 2024, up from June’s nine-month low of 50.6 and well above forecasts of 50.2, signaling renewed strength in the services sector, buoyed by stronger foreign demand.

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