Mumbai, April 3 -- China's services sector continued to expand in March, with both activity and new business increasing, though at a slower pace than in February, according to the latest PMI data.
The services business activity index remained above the 50.0 mark at 52.1, down from a 33-month high of 56.7 in February, indicating continued growth since January 2023. Overall activity stayed broadly in line with the average seen since early 2024.
New business rose for the 39th straight month, supported by stronger customer demand, a wider client base, referrals, and new projects. However, the pace of growth was the slowest since April 2025. Domestic demand remained the main driver, while international business declined slightly after earlier ...