China's service economy expanded moderately in the opening month of the second quarter of 2024. Faster new business growth, the quickest in nearly a year, supported the latest rise in activity and an improvement in confidence. New export business also rose at a faster rate in April. That said, service providers continued to reduce employment amid an absence of any capacity pressure at their units. Meanwhile, both input cost and output price inflation rates increased slightly in the latest survey period but remained moderate overall. The seasonally adjusted headline Caixin China General Services Business Activity ... (full story)