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1st Aug 2023 20:27China+, Daily Monitor

  • China’s service sector recovery is slowing, despite the minor uptick in the July Caixin PMI.
  • But continued service sector growth is a key reason for China to provide only limited stimulus in H2.
  • Japan’s final July services PMI reports firms cutting their workforce, as work-in-hand drops sharply.

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Keywords for: 4 August 2023 China+ Monitor

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