Bloomberg Television
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China Economy: Soft Services Data Reveals Fresh Signs of Weakness
Posted
July 5, 2023
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July 5, 2023
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1:12Now PlayingExpansion in China’s services industry slowed in June from the previous month, according to a private survey, providing more evidence that the key driver of the country’s post-Covid recovery is cooling. The Caixin purchasing managers’ index for the sector came in at the weakest in five months as consumers scaled back spending on a gloomy income and jobs outlook. Kristine Aquino reports on Bloomberg Television.
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