Beijing, August 5, 2025 — TWWnews.com
China’s services industry recorded its fastest expansion in 14 months this July, according to new data released Tuesday. The surge was fueled by rising domestic activity and a sharp increase in export orders, signaling renewed momentum in the country’s post-pandemic recovery.
The S&P Global China General Services PMI climbed to 52.6, up from 50.6 in June. This marks the strongest pace of growth since May 2024. A reading above 50 indicates expansion.
🔍 What’s Driving the Growth?
Several factors contributed to the rebound:
- Export boost: Stronger demand for tourism and cross-border services lifted new export orders.
- Business optimism: Firms reported improved confidence amid stable market conditions.
- Hiring surge: Employment rose at the fastest rate in months as workloads increased.
- Price recovery: Service providers raised prices for the first time in half a year, reflecting stronger demand.
🧭 Industry Shift
The report also highlighted a change in sponsorship: S&P Global now independently publishes the China PMI, following Caixin’s exit from the partnership.
📈 Economic Outlook
This uptick in services activity offers a promising signal for China’s broader economy, especially as policymakers aim to stabilize growth amid global uncertainties and domestic challenges.
TWWnews.com will continue to track China’s economic indicators and provide timely updates.