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4th Sep 2024 10:40China+Daily Monitor

  • China’s August services PMIs indicate steady demand growth, but activity was hit by bad weather.
  • Services firms cut prices, in response to fierce competition, despite rising costs.
  • Consumers remain much more keen to spend on tourism rather than big-ticket items or housing.

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Keywords for: 5 September 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence