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China economy: has the service sector improved enough to start scaling back stimulus?

Better-than-expected Chinese service sector sentiment data for November has strengthened market confidence in the outlook for the country’s economic recovery and, in turn, fuelled discussions over how soon policymakers should start to scale back their stimulus policies, analysts said.The country’s tens of millions of small service providers, particularly vulnerable to the coronavirus lockdowns implemented to fight the pandemic and rebounding more slowly than large and state-owned firms, had…

Read the original article at South China Morning Post

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