-
Caixin China General Services activity increases solidly during December
Chinese service providers signalled a strong end to 2021, with firms registering faster increases in both business activity and overall new work. Improved sales and efforts to increase capacity led to a further rise in staffing levels. Nonetheless, backlogs of work continued to increase and at the quickest rate for nearly two years. Cost pressures eased, with both input costs and output charges rising at weaker rates. However, uncertainty over the pandemic weighed on business confidence regarding the year ahead, with sentiment slipping to a 15-month low in December. The headline seasonally adjusted Business Activity ... (full story)