China’s Service Sector Growth Slows to Seven-Month Low Amid Tariff Challenges
China’s services sector reported its slowest growth in seven months, according to the latest Caixin PMI data. The report shows that new orders are declining compared to previous months, reflecting uncertainty instigated by U.S. tariffs. This slowdown marks a troubling trend for China’s economy as it struggles to stabilize while dealing with international trade pressures. Analysts will closely monitor future data to understand the long-term implications of these tariffs on the Chinese economy and global markets.