In March 2026, the RatingDog China Services PMI rose to 52.1, marking the 39th
consecutive months of expansion. Growth moderated from February, with solid
domestic demand supporting new business, while export orders declined after a
prior surge. Employment fell for a second month as firms cut costs. Input
pressures remained mild, enabling price cuts. Business confidence stayed
positive, with the services sector expected to remain in expansion near term.
