China services PMI hits 15-month high to 53.0 in August, as new export orders surge

[The Chinese flag and business background 3d rendering]
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China's services PMI climbed to 53.0 in August, up from 52.6 in July and above the expected 52.5. This marks the strongest growth since May 2024.

The expansion was fueled by a significant increase in new orders, including a sharp rise in new export business, which saw its fastest growth in half a year.

The RatingDog China General Composite PMI rose to 51.0 in August 2025 from 50.8 in the previous month, marking the highest reading since November 2024.

On Tuesday, the Shanghai Composite [https://seekingalpha.com/symbol/SHCOMP?source=section%3Asearch_bar%7Ccontent_type%3Aall%7Csection_asset%3Asearch-basic%7Csearch_item%3Ashcomp%7Crow_num%3A1%7CURL_first_level%3Anews%7Ctopic%3Asymbol] dropped 0.6% to below 3,840 while the Shenzhen Component slipped 0.2% to 12,530 on Wednesday, marking a second straight session of losses, and the offshore yuan [https://seekingalpha.com/symbol/USD:CNY#source=url_first_level%3Amarket-news%7Csection%3Aglobal%7Csection_asset%3Afull_story%7Cbutton%3Abody_link] depreciated past 7.14 per dollar on Wednesday, marking its third consecutive session of losses as market sentiment remained sour amid growing geopolitical risks following remarks by President Xi Jinping.

ETFs: (NYSEARCA:FXI [https://seekingalpha.com/symbol/FXI#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:KWEB [https://seekingalpha.com/symbol/KWEB#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:CQQQ [https://seekingalpha.com/symbol/CQQQ#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NASDAQ:MCHI [https://seekingalpha.com/symbol/MCHI#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:ASHR [https://seekingalpha.com/symbol/ASHR#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:YINN [https://seekingalpha.com/symbol/YINN#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSE:TDF [https://seekingalpha.com/symbol/TDF#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:CHIQ [https://seekingalpha.com/symbol/CHIQ#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:GXC [https://seekingalpha.com/symbol/GXC#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:EWH [https://seekingalpha.com/symbol/EWH#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:KBA [https://seekingalpha.com/symbol/KBA#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:YANG [https://seekingalpha.com/symbol/YANG#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NASDAQ:CXSE [https://seekingalpha.com/symbol/CXSE#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSE:CAF [https://seekingalpha.com/symbol/CAF#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:CWEB [https://seekingalpha.com/symbol/CWEB#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NASDAQ:PGJ [https://seekingalpha.com/symbol/PGJ#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]), (NYSEARCA:KURE [https://seekingalpha.com/symbol/KURE#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Afull_story%7Cbutton%3Abody_link]).

Currency: (CNY:USD [https://seekingalpha.com/symbol/CNY:USD])

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