China’s Economy Faces Tariff Challenges but Services Sector Shows Strong Growth Potential
Key Points:China’s services PMI rose to 52.6 in July, marking fastest domestic demand growth and staffing increase in a year.China’s Manufacturing PMI fell below 50 to 49.5, signaling sector contraction amid falling demand and tariff pressures.US tariffs, including new 40% transshipment levies, may weigh heavily on Chinese exports and manufacturing output.China Services and Manufacturing Sectors Diverge as Tariffs BiteChina’s services sector was in the spotlight on Tuesday, August 6, amid concer