- Activity in China's services sector further improved in April, with expor...
BEIJING, - - Activity in China’s services sector further improved in April, with export sales rising at a record pace, a private business survey showed on Monday, although the longer-term outlook for new orders stayed subdued due to global economic uncertainties.
The strength in services, which account for more than half of China’s economy, would help to counter any volatility in the country’s manufacturing sector, which is still searching for firm footing. “In general, China’s economy looked resilient in April, especially in the services sector,” Zhengsheng Zhong, director of macroeconomic analysis at CEBM Group, said in a commentary released alongside the Caixin data.
Job creation in the sector rose the most in 10 months, but a sub-gauge measuring the outlook for the year ahead remained subdued, capped by concerns over the strength of the global economy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China says its official manufacturing PMI for April came in at 50.1, below expectationsChina said on Tuesday that its manufacturing sector continued to grow in April.
Read more »
Growth in China's services activity slows in April: official PMIGrowth in China's services industry slowed in April, an official survey sho...
Read more »
China’s Manufacturing Activity FaltersA gauge of China’s factory activity weakened sharply, suggesting that any turnaround in the world’s second-largest economy after months of slower growth has yet to take root.
Read more »
Chicago PMI falls in April to more than two-year lowChicago PMI fell sharply in April, falling to 52.6 from 58.7 in March. That's the lowest level since January 2017. Four of the five components declined, and...
Read more »
Irish April manufacturing growth slowest since aftermath of Brexit vote: PMIIrish manufacturing grew in April at the slowest rate since the aftermath of Bri...
Read more »
South Korea April factory activity returns to growth as employment expands: PMISouth Korea's factory activity rebounded in April helped by a boost in hiri...
Read more »
Saudi private sector growth stable in April, employment subdued: PMISaudi Arabia's non-oil private sector growth remained steady - though uncha...
Read more »
China planning to roll back curbs on private share placements: CaixinChina is planning to roll back curbs on private share placements by companies to...
Read more »
China April factory growth unexpectedly slows as economy struggles for tractionFactory activity in China expanded for a second straight month in April but at a...
Read more »
US reportedly warns China over hostile non-naval vessels in South China SeaThe head of the U.S. Navy has warned China that hostile behavior from its coast guard and fishing boats will not be treated any differently from the Chinese navy, the Financial Times reported on Sunday.
Read more »
Huawei Has Taken Over Apple's Market Share In China; It Will Get WorseWait until Hauwei launches its own operating system. Then even Google will have a new rival.
Read more »