China services activity hits 7-month high but US trade fears dent optimism, Caixin PMI shows

Contributing sentiments towards policy:

51% : The findings broadly align with China's official PMI released last week, which indicated non-manufacturing activity recovered to 52.2 from 50.0 in November.
48% : " A business confidence reading remained positive but dipped to the second-lowest since March 2020, as some companies expressed concern over rising competition and potential international trade disruptions.
19% : Donald Trump, who will take office for a second time as U.S. president in January, has vowed to impose tariffs exceeding 60% on Chinese goods, posing a major risk for the world's second-biggest economy.

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