Latest private PMI data reveals a notable slowdown in China's services sector, hitting a five-month low this November. The weaker-than-expected numbers suggest cooling momentum in the world's second-largest economy. For market watchers, this macro trend could influence risk sentiment across global assets—including crypto markets. Worth keeping tabs on how economic headwinds might reshape capital flows in the coming months.
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ContractSurrender
· 12-03 07:00
China's service sector is underperforming again, so the crypto market might be in for a shake-up.
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ILCollector
· 12-03 07:00
Is China's service industry cooling down? Then this wave in the crypto world will also have to cool off, it's the prelude to a major capital shift.
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BridgeJumper
· 12-03 06:59
This downturn in China's service sector is indeed something to be cautious about. It might end up depending on the Federal Reserve's stance again.
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GasWastingMaximalist
· 12-03 06:51
This downturn in China's service sector... honestly, it hits a bit hard. Five months at a low clearly shows the problem. If you ask me, in the end it's still our crypto community that suffers from this kind of macro-level tug-of-war—tightening liquidity is inevitable.
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GateUser-cff9c776
· 12-03 06:45
China's services PMI has declined yet again, this time it's for real... Schrödinger's bull market continues its performance (not really)
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MidnightSnapHunter
· 12-03 06:43
China's service sector has dragged down again. Now where will the capital flow... The crypto market is going to suffer.
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GasFeeCrier
· 12-03 06:38
China's service sector has underperformed again, so now the on-chain capital flows are bound to change.
Latest private PMI data reveals a notable slowdown in China's services sector, hitting a five-month low this November. The weaker-than-expected numbers suggest cooling momentum in the world's second-largest economy. For market watchers, this macro trend could influence risk sentiment across global assets—including crypto markets. Worth keeping tabs on how economic headwinds might reshape capital flows in the coming months.