China's August services activity slows amid sluggish demand - Caixin PMI

China's services activity expanded at its slowest pace in eight months in August, as weak demand and stimulus measures failed to revive consumption, according to a private-sector survey.

reuters.com

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8/24/2023

China has no pain-free solutions for its slowing economy

China faces challenges in rebalancing its economy towards increased consumer spending due to the economic growth model that relies heavily on investment in property, infrastructure, and industry, as well as the reluctance of households to spend and the limited social safety net; implementing demand-side measures would require difficult decisions and potential short-term pain for businesses and the government sector.

8/29/2023

China’s economy is slowing down. What gives?

China's economy is struggling due to an imbalance between investments and consumption, resulting in increased debt and limited household spending, and without a shift towards consumption and increased policy measures, the economic slowdown may have profound consequences for China and the world.

8/30/2023

Consumer spending in China bounced back in August, survey finds

Consumer spending in China rebounded in August, with all categories, including apparel, automotive, food, furniture, appliances, and luxury, experiencing increased sales compared to July, according to a survey by the China Beige Book. Retail sales in July rose by 2.5% year-on-year, raising concerns about China's economic growth, but the August survey showed a surge in spending, particularly in the services sector, which saw continued strength in travel and hospitality. Additionally, corporate borrowing increased as the cost of capital declined, indicating a boost in business activity. However, China's property sector continued to worsen, with house prices barely growing and home sales declining.

9/1/2023

Chinese manufacturing activity unexpectedly grows in August- Caixin PMI By Investing.com

Chinese factory activity unexpectedly grew in August, fueled by improving local demand and an increase in new orders, although the Chinese economy still faces challenges due to weak external demand and a potential real estate crisis.

9/5/2023

Morning Bid: China optimism dissipates after weak data

Investor sentiment on China weakens as new data reveals slowest expansion in services activity in eight months, dragging down markets and raising concerns about the country's economy.

9/5/2023

China's services activity falls in August to its lowest level in eight months

China's services sector experienced a slowdown in business activity, resulting in the lowest level in eight months, as weaker foreign demand and sluggish overseas orders impacted consumption, despite economic stimulus efforts.

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Posted 9/5/2023, 2:01:19 AM

China's August services activity slows amid sluggish demand - Caixin PMI

China's services activity expanded at its slowest pace in eight months in August, as weak demand and stimulus measures failed to revive consumption, according to a private-sector survey.

reuters.com

Relevant topic timeline:

8/24/2023

China has no pain-free solutions for its slowing economy

8/29/2023

China’s economy is slowing down. What gives?

8/30/2023

Consumer spending in China bounced back in August, survey finds

9/1/2023

Chinese manufacturing activity unexpectedly grows in August- Caixin PMI By Investing.com

9/5/2023

Morning Bid: China optimism dissipates after weak data

Investor sentiment on China weakens as new data reveals slowest expansion in services activity in eight months, dragging down markets and raising concerns about the country's economy.

9/5/2023

China's services activity falls in August to its lowest level in eight months