China non-manufacturing PMI at 49 in August

The data from China's Non-Manufacturing Purchasing Managers' Index for August shows stability at 49, indicating an economic contraction in this sector, as a reading below 50 suggests a decline in activity. However, the service sector indicators remained high, with business expectations at a positive 55.5. Additionally, the industrial sector index slightly increased to 49.8, but still points to a downturn in economic performance.

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