China's services sector expanded at a slower pace in November with the Caixin Services PMI reading of 51.5 vs. 52.4 expected. This mirrors the deceleration seen in the official non-manufacturing PMI that came out last week.
Both manufacturing and services industries are in expansion mode in November. But it's important for Beijing to keep its foot on the gas pedal when it comes to the services sector, which is driving the transition in the economy to one that is high-value, data-driven.
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This should drive a lot of traffic to $BILIBILI-W (09626.HK)$ 's platform. Live-streaming e-commerce is the fastest growing segment of China's digital commerce industry.
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TO ACCELERATE DEVELOPMENT OF FOREIGN TRADE IN TELECOMMUNICATIONS, IOT, CLOUD COMPUTING, ARTIFICIAL INTELLIGENCE, BLOCKCHAIN, AND SATELLITE NAVIGATION.
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Morning, mooers!
This week, $MAYBANK (1155.MY)$ (11/26) and $PBBANK (1295.MY)$ (11/27) are said to report their quarterly earnings. After the recent pullback, investors are focusing on the performance of these two local banking giants. Who will be the winner of earnings week? Make your choice and grab some point rewards!
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Goldman predicts household real income growth will stabilize at 5% in 2025. Major city property prices may stabilize as more real estate support policies roll out.
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China’s Ministry of Commerce announced measures to increase financial support for export enterprises and maintain the yuan’s stability at a reasonable, balanced level. The Export-Import Bank of China has been instructed to expand credit offerings to better meet diverse financing needs across trade sectors.
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