caixin
China: May services grow despite Trump’s tariffs uncertainty
The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 51.1 in May, up from 50.7 in April.
Trump’s tariffs impact China’s manufacturing index contraction
The index fell to 48.3, falling below the 50 threshold that separates growth from contraction and missing Reuters’ forecast.
China Roundup: ByteDance’s top backer to sell $500m stake, and more (Updated)
Also, Flying car firm HT Aero raises US$500 million in series A money, and China expels Caixin from its official list of news outlets.
Jack Ma probably isn’t feeling too good about his media investments right now
Caixin and the South China Morning Post, both targets of Alibaba investment, are embroiled in controversy in China.
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