Chinese service providers signalled the sharpest increase in activity for over a decade in June. Furthermore, total new orders rose at the quickest pace since August 2010 and new export work expanded for the first time since January. Firms widely reported that overall market conditions had continued to improve following an easing of measures related to the coronavirus disease 2019 (COVID-19) pandemic. Meanwhile, employment fell again, albeit modestly, with some firms noting that staff had left roles voluntarily. Encouragingly, business confidence hit a three-year high in June amid forecasts of further increases in ... (full story)

The China's June Caixin/Markit services PMI rises to 58.4 (vs 55.0 in May), which is the highest in over a decade. China Caixin Services PMI China's June Caixin/Markit services PMI rises to 58.4 (vs 55.0 in May). New business for China services firms expands at the fastest pace in 10 years, but employment falls for a fifth straight month. China's services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revised consumer demand, a private survey showed on Friday, though companies continued to shed jobs. The Caixin/Markit services Purchasing Managers' ... (full story)