China services sector activity grows as expected in March- Caixin PMI China service sector activity grew as expected in March, a private survey showed on Wednesday, as persistent measures from Beijing to shore up liquidity and improve local demand helped spur new business.

The Caixin services purchasing managers index (PMI) grew 52.7 in March, as expected. The index picked up slightly from the 52.5 reading seen in the prior month. 

Local and export demand improved during the month, helping spur increased new business activity. Wednesday’s reading was the 15th straight month of growth in the Caixin PMI, although analysts noted that overall growth still remained below the long-run series average. 

Employment in the sector remained weak, while cost price inflation also failed to pick up substantially, Caixin analysts said in a note. 

Wednesday’s data comes after positive PMI data from the government and from Caixin over the past few days, which showed China’s manufacturing sector picked up in March after a surprise contraction in the first two months of the year.

The readings could signal some green shoots in a Chinese economic recovery, especially as the country rolled out a string of monetary stimulus measures in the past year to help improve growth.

But despite the recent improvements in PMI data, the Chinese economy still has a long and difficult road ahead to reach pre-COVID highs.

Begin trading today! Create an account by completing our form

Privacy Notice

At One Financial Markets we are committed to safeguarding your privacy.

Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.

Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.

Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.

By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Back to top

Office network

One Financial Markets is the trading name of Axi Financial Services (UK) Ltd, a company registered in England with company number 6050593. Axi Financial Services (UK) Ltd is authorised and regulated by the Financial Conduct Authority in the UK (under firm reference number 466201) and the Financial Sector Conduct Authority in South Africa (with FSP number 45784).

The information on this site is not directed at residents of the United States, Belgium, Poland or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. is owned and operated by Axi Financial Services (UK) Ltd.

Award winning broker
We have been presented with a number of awards that recognise the quality of our service and dedication to our clients :

Best FSA Regulated Broker
Saudi Money Expo

Best Education Product
Saudi Money Expo

Best Broker - Online Trading
IAIR Awards

Best Institutional Broker
Saudi Money Expo

Best FX Services Broker
CN Forex

Top International
FX Broker 2015

Saudi Money Expo

Broker of the Year
Online Trading – Middle East

IAIR Awards

Best Forex
Customer Service 2018

JFEX Awards

We accept the following payment methods: