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China's services activity surges to 7-month peak amid trade fears

share-iconMonday, January 06 comment-icon3 weeks ago 9 views
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reutersREUTERS
China's services activity surges to 7-month peak amid trade fears

Credited from: REUTERS

  • China's **services activity** recorded its fastest expansion in **seven months** with a Caixin PMI of **52.2** in December, up from **51.5**.
  • The growth, driven by **domestic demand**, contrasts with a decline in **new business inflows from abroad** for the first time since August 2023.
  • Despite stimulating economic measures, concerns remain about the impact of **potential US tariffs** under Donald Trump's upcoming administration.
  • Companies have started reducing staff amid rising **cost pressures**, marking the first reduction in four months.
  • Overall business confidence has decreased, highlighting continued **downward pressures** and uncertainties in external trade environments.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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