AI Data Insight
In the third quarter of 2026, the latest services employment index within China's non-manufacturing PMI dropped to 45.8, declining further from the previous 46.2 and remaining deeply below the 50 boom-bust line. Affected by weather disruptions and insufficient domestic consumption, overall non-manufacturing activity weakened. Corporate hiring attitudes have become more conservative, highlighting the employment stabilization pressure and structural challenges currently facing the Chinese economy.