China's Services PMI Holds Steady at 52.5 Amid Stimulus Speculations

Tuesday, 5 March 2024, 01:46

The latest data on China's Services PMI indicates a slight slowdown to 52.5 from the previous 52.7. The Composite PMI also remains steady at 52.5. As eyes turn to China's NPC for potential policy actions to boost the economy, there are talks of launching a program to stimulate consumption. Key highlights include a 5% GDP growth target for 2024, warnings of a 'worst-case' scenario, and plans to maintain stability in the yuan exchange rate.
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China's Services PMI Holds Steady at 52.5 Amid Stimulus Speculations

China Services PMI Update

Chinese Caixin Services PMI holds at 52.5, slightly below the expected 52.9, while the Composite PMI remains stable at 52.5.

Key Points:

  • A slight slowdown in services PMI reported for February.
  • China to launch year-long program to stimulate consumption.
  • China targets around 5% GDP growth by 2024.

Warning: China cautions about a 'worst-case' scenario for the economy and pledges to maintain stability in the yuan exchange rate.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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