Newsclip®: [Business] Opinion: China's jobs data offer glimpse into crystal ball - Xinhua | English.news.cn

"Any indication that the PMI for even a single sector of the economy has fallen tends to be read as a sign of the overall Chinese economy facing a slowdown pressure e. The labor market change is also reflective of China's economic transition from a model driven by exports and investment to one led by domestic consumption and services. The services sector is believed to be more efficient in creating better-paid jobs for China's increasingly well-educated labor force e.", news.xinhuanet.com


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