China Caixin PMI services fell to 53.9, recovery losing steam

<p>China’s Caixin Services PMI for June plunged to 53.9, down from 57.1 in the previous month and significantly below the expectation of 56.2. The composite PMI also tumbled from 55.6 to a discouraging 52.5, marking the lowest readings since the growth cycle kick-started in January. Wang Zhe, a senior economist at the Caixin Insight Group, […]</p>
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