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China Caixin Services PMI declined to 52.7 in January from previous 52.9

PBOC’s 50 bps RRR cut takes effect on Monday

The People's Bank of China (PBOC) cut to the reserve requirement ratio (RRR) takes effect today.
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China's Caixin Services PMI eases to 52.7 in January vs. 52.9 previous

China's Services Purchasing Managers' Index (PMI) eased to 52.7 in January when compared to the December reading of 52.9, the latest data published by Caixin showed on Monday.
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