China Services Growth Rebounds on Strong Supply and Demand, Caixin PMI Shows
This is good news going into the NPC meeting.
China's services industry picked up substantially in October as per Caixin.
That's a 52.0 reading, up from 50.3 in September. It's also significantly better than the 50.5 that was expected.
It raises the Caixin PMI Composite reading to 51.9, up from 50.3 in September. Also good news.
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