Chinese Caixin Services PMI 52.5
- expected 52.9, prior 52.7
The Composite is 52.5
- prior also 52.5
Earlier:
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A slight slowing for the services PMI in the month. Eyes are on China's NPC today where further promoisises of policy action to boost the economy have been spoken of. One potentially encouraging sign is China will be launching a year-long program to stimulate consumption. Not a lot of detail though:
- China will target around 5% 2024 GDP growth (Work Report)
- China warns of "worst case" scenario for economy
- China says will keep the yuan exchange rate basically stable
China forbidden city
