China’s services sector grows despite trade war worries

China’s services activity grew modestly in May, with increased domestic demand. However, export orders suffered due to growing uncertainty from Washington’s latest moves on its tariff policy. In May, the Caixin/S&P Global Services Purchasing Managers’ Index (PMI) came in at 51. 1, up from 50. 7 in April, as global services expanded, but it was a fragile […] source: https://www.cryptopolitan.com/china-services-sector-grow-despite-trade-war/