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5th Jun 2024 15:31China+Daily Monitor

  • The May Caixin services activity index hit its highest level for almost a year, thanks to holiday spending.
  • Consumers are mostly opting for cheaper products, but this is starting to change as the recovery firms.
  • Restrained services inflation is likely to continue, given the cautious optimism about future demand.

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Keywords for: 7 June 2024 China+ Monitor

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