FX.co ★ China Service Growth Hits 7-Month Low

The Caixin China General Services PMI decreased to 50.7 in April 2025, dropping from March's peak of 51.9, a three-month high, and falling short of market expectations of 51.7. This represents the most modest growth in the services sector since last September, as new orders expanded at the slowest rate in 28 months, affected by disruptions in goods trade due to new US tariffs. Concurrently, the growth in new export business was marginal, although some companies observed an increase in demand driven by rising tourism activity.