The RatingDog China General Services PMI increased to 52.3 in January 2026 from December’s six-month low of 52.0, surpassing market expectations of 51.8. The latest reading marked the strongest expansion in the services sector since last October, driven by stronger growth in new orders, supported by a fresh increase in foreign sales. In response to the rise in new orders, firms increased staffing for the first time since last July. However, business sentiment weakened to below the average level seen in 2025 amid rising concerns over the outlook for global economic growth.
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China Services Sector Growth Hits 3-Month High
The RatingDog China General Services PMI increased to 52.3 in January 2026 from December’s six-month low of 52.0, surpassing market expectations of 51.8. The latest reading marked the strongest expansion in the services sector since last October, driven by stronger growth in new orders, supported by a fresh increase in foreign sales. In response to the rise in new orders, firms increased staffing for the first time since last July. However, business sentiment weakened to below the average level seen in 2025 amid rising concerns over the outlook for global economic growth.