China’s Services Sector Slumps to 9-Month Low, Signaling New Economic Strain

China’s services sector growth has slowed to its weakest level in nine months, according to the latest data, adding fresh pressure to the country’s economic recovery efforts. The decline reflects softer demand across key industries such as retail, hospitality, and finance, raising concerns over consumer confidence and business momentum. Analysts say this drop in services activity could signal deeper structural challenges as China tries to stabilize growth amid global uncertainties and domestic policy shifts. Economists are now watching closely for signs of further stimulus from Beijing to counter the slowdown, as weak service sector performance could weigh heavily on overall GDP in the coming quarters.

ECONOMICS