
China Services PMI Rises, Manufacturing Slumps as Xi Weighs Trade, Stimulus Path
Chinese service sector activity accelerates While American economic indicators begin to turn red, China’s number shows a division between the power of services and manufacturing weakness. China’s Caxin Service PMI increased from 50.7 in April to 51.1 May, lining with consensus. According to May survey: Despite falling in the new export business for the first…