China's service activity growth slows in May: Caixin PMI

BEIJING (REUTERS) – China’s service sector expansion slowed last month, a private sector survey showed on Thursday (June 3), with weaker overseas demand and increased costs putting pressure on businesses. The Caixin/Markit service Purchasing Managers’ Index (PMI) fell to 55.1 last month,

What can China do to save its economy?

The Covid-19 pandemic is threatening to choke the life out of all major economies. In response, governments have turned to the oxygen of stimulus measures to rescue jobs and businesses. The United States set up a US$2 trillion (S$2.8 trillion)