March Marks a Significant Uptick in China's Service Sector

The Caixin China Purchasing Managers Index (PMI) climbed to 51.9 in March, as reported by S&P Global on Thursday. This not only surpasses the neutral threshold of 50 but also represents a three-month peak, outperforming February's 51.4 and exceeding investor expectations.

Optimism Amidst Global Trade Concerns

Dr. Wang Zhe, Senior Economist at Caixin Insight Group, highlighted the optimism among service providers regarding potential domestic policy support. "However," he cautioned, "there are growing concerns about the possible deterioration of the global trade environment."