FX.co ★ China Services Growth Slows to 5-Month Low

In November 2025, the RatingDog China General Services PMI fell slightly to 52.1 from 52.6 the previous month, yet still surpassed market forecasts of 52.0. This figure represents the slowest expansion observed in the service sector since June, largely attributed to a slowdown in new business growth. On a positive note, new export orders resumed growth as trade uncertainties with the US lessened. On the other hand, employment continued to shrink, mainly due to not replacing departing employees and redundancies prompted by cost-saving measures.