Service sector rebound: China's general services PMI beats forecasts at 52.6
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China's General Services PMI rose to 52.6 in April 2026, exceeding forecasts and up from March's low of 52.1. The Composite PMI also increased to 53.1, indicating a rebound in business activity with both manufacturing and services growing faster. The Shanghai Composite gained 0.9% to 4,151, while the Shenzhen Component climbed 2.4% to 15,464. The offshore yuan traded around 6.81 per dollar, nearing its strongest level since March 2023.
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