Expert Views on China’s Services Sector
Dr. Wang Zhe, Senior Economist at Caixin Insight Group, remarked:
“Market optimism was maintained. The indicator for expectations of future activity measured lower than February but remained in expansionary territory. Service providers were hopeful about future policy support at home. However, some expressed concerns over a potentially deteriorating global trade environment.”
The Market Reaction to the Caixin Services PMI
Financial markets responded swiftly to the PMI release, reflecting improving sentiment toward China’s economy.
Before the PMI data, the Read More
