China’s Services Growth Slows to Three-Month Low as Overseas Demand Weakens

China’s services activity expanded at its slowest pace in three months during October, reflecting reduced new orders and subdued overseas demand. The latest survey showed softness in travel and logistics, even as domestic consumption remained relatively stable. Economists attributed the moderation to a weakening export pipeline and cautious business spending. Despite short-term slowdown, government stimulus and infrastructure projects are expected to stabilize momentum. Analysts warn that prolonged weakness in services could delay China’s broader post-pandemic recovery path.

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