AI Data Insight
China's August non-manufacturing PMI employment index rebounded to 45.9 from the previous value of 45.4, indicating a slight improvement in the non-manufacturing employment climate, though it remains below the 50 boom-bust line. Although external market data viewed employment for the month as flat, according to authoritative DataTrack data, employment in August has shown a slight recovery; however, affected by extreme weather and sluggish domestic demand, the overall non-manufacturing PMI remained stagnant at 49.0. As Chinese authorities introduced large-scale economic stimulus policies in September, it is expected to drive demand in the service and construction sectors, and is likely to boost the job market in the medium to long term.