BEIJING, - Activity in China’s services sector picked up to a 14-month high in March as demand improved at home and abroad, a private business survey showed on Wednesday, adding to signs that government stimulus policies are gradually kicking in.
Survey respondents said activity was being buoyed by stronger demand, new state policies and improved access to financing. “In general, China’s economic fundamentals recovered in March, with domestic and external demand as well as manufacturing employment improving,” Zhengsheng Zhong, Director of Macroeconomic Analysis at CEBM Group, said in a commentary released alongside the Caixin data.
The private services survey showed total orders rose to 14-month high, with solid growth in export sales for Chinese service providers. Perhaps reflecting that lingering caution, job creation in the services sector also eased to only a marginal pace.
So I guess T.Rump's trade war isn't going as great as he wants...
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