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RatingDog Services PMI

Name: RatingDog Services PMI
Creator: TipRanks

The 'RatingDog Services PMI' in China is an economic indicator that measures the performance of the services sector, which includes industries such as finance, retail, and transportation. It is important because it provides insights into the health of the non-manufacturing segment of the economy, which is crucial for China's economic growth and employment. A higher PMI indicates expansion, while a lower PMI suggests contraction, influencing investor sentiment and financial markets. This index is closely watched as it can signal changes in economic momentum and guide policy decisions.