China’s economy started the year on a firmer footing with a surge in exports driven by AI-related technology demand, quickening industrial output, and a rebound in retail sales and investment.
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Growth in China’s services activity slowed in March from February’s 33-month high, as softer demand and a decline in overseas orders weighed on momentum, a private-sector survey showed on Friday, April 3.
The RatingDog China General Services purchasing managers’ index, compiled by S&P Global, fell to 52.1 in March from 56.7 in February, remaining above the 50-point mark that separates expansion from contraction.
