China’s services activity grew much more than forecast in August, but the report was tempered by signs of weak demand elsewhere across the world’s second-biggest economy. Overall, the print points to a mixed macro backdrop with domestic services resilience offset by broader demand concerns, limiting conviction for a sustained risk-on move.
China’s services activity grew much more than forecast in August, but the report was tempered by signs of weak demand elsewhere across the world’s second-biggest economy. Overall, the print points to a mixed macro backdrop with domestic services resilience offset by broader demand concerns, limiting conviction for a sustained risk-on move.
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