FX.co ★ China Services PMI Hits 14-Month High

The Caixin China General Services PMI climbed to 52.6 in July 2025, rising from the nine-month low of 50.6 recorded in June and surpassing market expectations of 50.4. This reading marks the most rapid expansion in the services sector since May 2024, propelled by increased new business inflows and a resurgence in foreign demand. External demand experienced growth for the first time in three months and at the fastest rate in five months, buoyed by a recovery in tourism activities and more stable trade conditions.