China's Services Sector Rebounds Strongly Thanks to Stimulus Measures

In a recent report, China has demonstrated a stronger-than-anticipated growth in its services sector, a clear indicator of the effectiveness of government stimulus measures aimed at revitalizing the economy. According to the latest data released from the National Bureau of Statistics, the services Purchasing Managers' Index (PMI) surged to 54.8 in October, up from 53.2 the previous month, marking a robust expansion in the sector.

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