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2021-09-03
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China's August services activity slumps into contraction- Caixin PMI
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Activity in China's services sector slumped into sharp contraction in Au","content":"<p>BEIJING, Sept 3 (Reuters) - Activity in China's services sector slumped into sharp contraction in August, a private survey showed on Friday, as restrictions to curb the COVID-19 Delta variant threatened to derail the recovery in the world's second-biggest economy.</p>\n<p>The Caixin/<a href=\"https://laohu8.com/S/MRKT\">Markit</a> services Purchasing Managers' Index <a href=\"https://laohu8.com/S/PMI.UK\">$(PMI.UK)$</a> fell to 46.7 in August from 54.9 in July, plunging to the lowest level since the pandemic's first wave in April 2020. The 50-point mark separates growth from contraction on a monthly basis.</p>\n<p>The grim readings in the private survey, which focuses more on smaller firms in coastal regions, tally with findings in an official survey earlier this week which also showed growth in the services sector slipped into contraction.</p>\n<p>China's services sector was slower to recover from the pandemic than manufacturing, but has been helped by a gradual improvement in consumption in recent months.</p>\n<p>The country appears to have largely contained the latest coronavirus outbreaks of the more infectious Delta variant, with just <a href=\"https://laohu8.com/S/AONE.U\">one</a> locally transmitted case reported on Sept. 1 after several days of zero cases.</p>\n<p>But it spurred authorities across the country to impose measures including mass testing for millions of people as well as travel restrictions of varying degrees in August, hitting especially the catering, transportation, accommodation and entertainment industries.</p>\n<p>\"Service costs were still under great pressure amid elevated labour and transportation costs amid the Covid-19 resurgence,\" said Wang Zhe, senior economist at Caixin Insight Group.</p>\n<p>Sub-indexes for new business, prices charged, and employment in the Caixin survey all contracted in August. New export business rose.</p>\n<p>\"Sluggish market demand limited businesses' bargaining power, causing prices charged by service providers to slip after a month of growth,\" said Wang.</p>\n<p>Rooms that were originally 300-400 yuan are now discounted to around 200 yuan and \"still no one is coming,\" said the manager of a hotel in Zhangjiajie, Hunan province, one of the hotspots of the August epidemic.</p>\n<p>\"Delta is so terrible, people don't want to go out.\"</p>\n<p>Some extra business over national holidays in the rest of the year won't make up for the loss of the summer vacation period, he said.</p>\n<p>Business owners in areas with few virus cases were also hit.</p>\n<p>\"Inter-provincial flight-plus-hotel travel packages didn't resume until mid-August, which had a pretty big impact on business - now the peak season's already passed,\" said a bed and breakfast owner in Sanya, in the southern island province of Hainan.</p>\n<p>An index of business confidence in the Caixin survey fell slightly from July but remained at a high level.</p>\n<p>Caixin's August composite PMI, which includes both manufacturing and services activity, fell to 47.2 from July's 53.1. ($1 = 6.4595 Chinese yuan)</p>\n<p>(Reporting by Gabriel Crossley Editing by Shri Navaratnam)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's August services activity slumps into contraction- Caixin PMI</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's August services activity slumps into contraction- Caixin PMI\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-09-03 09:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, Sept 3 (Reuters) - Activity in China's services sector slumped into sharp contraction in August, a private survey showed on Friday, as restrictions to curb the COVID-19 Delta variant threatened to derail the recovery in the world's second-biggest economy.</p>\n<p>The Caixin/<a href=\"https://laohu8.com/S/MRKT\">Markit</a> services Purchasing Managers' Index <a href=\"https://laohu8.com/S/PMI.UK\">$(PMI.UK)$</a> fell to 46.7 in August from 54.9 in July, plunging to the lowest level since the pandemic's first wave in April 2020. The 50-point mark separates growth from contraction on a monthly basis.</p>\n<p>The grim readings in the private survey, which focuses more on smaller firms in coastal regions, tally with findings in an official survey earlier this week which also showed growth in the services sector slipped into contraction.</p>\n<p>China's services sector was slower to recover from the pandemic than manufacturing, but has been helped by a gradual improvement in consumption in recent months.</p>\n<p>The country appears to have largely contained the latest coronavirus outbreaks of the more infectious Delta variant, with just <a href=\"https://laohu8.com/S/AONE.U\">one</a> locally transmitted case reported on Sept. 1 after several days of zero cases.</p>\n<p>But it spurred authorities across the country to impose measures including mass testing for millions of people as well as travel restrictions of varying degrees in August, hitting especially the catering, transportation, accommodation and entertainment industries.</p>\n<p>\"Service costs were still under great pressure amid elevated labour and transportation costs amid the Covid-19 resurgence,\" said Wang Zhe, senior economist at Caixin Insight Group.</p>\n<p>Sub-indexes for new business, prices charged, and employment in the Caixin survey all contracted in August. New export business rose.</p>\n<p>\"Sluggish market demand limited businesses' bargaining power, causing prices charged by service providers to slip after a month of growth,\" said Wang.</p>\n<p>Rooms that were originally 300-400 yuan are now discounted to around 200 yuan and \"still no one is coming,\" said the manager of a hotel in Zhangjiajie, Hunan province, one of the hotspots of the August epidemic.</p>\n<p>\"Delta is so terrible, people don't want to go out.\"</p>\n<p>Some extra business over national holidays in the rest of the year won't make up for the loss of the summer vacation period, he said.</p>\n<p>Business owners in areas with few virus cases were also hit.</p>\n<p>\"Inter-provincial flight-plus-hotel travel packages didn't resume until mid-August, which had a pretty big impact on business - now the peak season's already passed,\" said a bed and breakfast owner in Sanya, in the southern island province of Hainan.</p>\n<p>An index of business confidence in the Caixin survey fell slightly from July but remained at a high level.</p>\n<p>Caixin's August composite PMI, which includes both manufacturing and services activity, fell to 47.2 from July's 53.1. ($1 = 6.4595 Chinese yuan)</p>\n<p>(Reporting by Gabriel Crossley Editing by Shri Navaratnam)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164824410","content_text":"BEIJING, Sept 3 (Reuters) - Activity in China's services sector slumped into sharp contraction in August, a private survey showed on Friday, as restrictions to curb the COVID-19 Delta variant threatened to derail the recovery in the world's second-biggest economy.\nThe Caixin/Markit services Purchasing Managers' Index $(PMI.UK)$ fell to 46.7 in August from 54.9 in July, plunging to the lowest level since the pandemic's first wave in April 2020. The 50-point mark separates growth from contraction on a monthly basis.\nThe grim readings in the private survey, which focuses more on smaller firms in coastal regions, tally with findings in an official survey earlier this week which also showed growth in the services sector slipped into contraction.\nChina's services sector was slower to recover from the pandemic than manufacturing, but has been helped by a gradual improvement in consumption in recent months.\nThe country appears to have largely contained the latest coronavirus outbreaks of the more infectious Delta variant, with just one locally transmitted case reported on Sept. 1 after several days of zero cases.\nBut it spurred authorities across the country to impose measures including mass testing for millions of people as well as travel restrictions of varying degrees in August, hitting especially the catering, transportation, accommodation and entertainment industries.\n\"Service costs were still under great pressure amid elevated labour and transportation costs amid the Covid-19 resurgence,\" said Wang Zhe, senior economist at Caixin Insight Group.\nSub-indexes for new business, prices charged, and employment in the Caixin survey all contracted in August. New export business rose.\n\"Sluggish market demand limited businesses' bargaining power, causing prices charged by service providers to slip after a month of growth,\" said Wang.\nRooms that were originally 300-400 yuan are now discounted to around 200 yuan and \"still no one is coming,\" said the manager of a hotel in Zhangjiajie, Hunan province, one of the hotspots of the August epidemic.\n\"Delta is so terrible, people don't want to go out.\"\nSome extra business over national holidays in the rest of the year won't make up for the loss of the summer vacation period, he said.\nBusiness owners in areas with few virus cases were also hit.\n\"Inter-provincial flight-plus-hotel travel packages didn't resume until mid-August, which had a pretty big impact on business - now the peak season's already passed,\" said a bed and breakfast owner in Sanya, in the southern island province of Hainan.\nAn index of business confidence in the Caixin survey fell slightly from July but remained at a high level.\nCaixin's August composite PMI, which includes both manufacturing and services activity, fell to 47.2 from July's 53.1. ($1 = 6.4595 Chinese yuan)\n(Reporting by Gabriel Crossley Editing by Shri Navaratnam)","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":815304097,"gmtCreate":1630640530019,"gmtModify":1676530364084,"author":{"id":"4092793128665040","authorId":"4092793128665040","name":"TheZXC","avatar":"https://static.tigerbbs.com/40d7e9ffac802e828adc176927d32d39","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092793128665040","authorIdStr":"4092793128665040"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815304097","repostId":"2164282866","repostType":4,"repost":{"id":"2164282866","kind":"news","pubTimestamp":1630592570,"share":"https://ttm.financial/m/news/2164282866?lang=&edition=fundamental","pubTime":"2021-09-02 22:22","market":"us","language":"en","title":"Why Bitcoin-Related And Ethereum-Related Stocks Are Moving Today","url":"https://stock-news.laohu8.com/highlight/detail?id=2164282866","media":"Benzinga","summary":"Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockc","content":"<p>Shares of crypto-related stocks, including <b><a href=\"https://laohu8.com/S/MARA\">Marathon Digital Holdings Inc</a></b> (NASDAQ: MARA), <b>Riot Blockchain Inc</b> (NASDAQ: RIOT) and <b><a href=\"https://laohu8.com/S/COIN\">Coinbase Global, Inc.</a></b> (NASDAQ: COIN) are trading higher amid an increase in the price of <b>Bitcoin</b> (CRYPTO: BTC) and <b>Ethereum </b>(CRYPTO: ETH).</p>\n<p>Bitcoin is trading 4.7% higher at around $49,965 Thursday morning.</p>\n<p>Ethereum is trading 6% higher at around $3,752 Thursday morning.</p>\n<p>Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.</p>\n<p>Marathon Digital is trading higher by 4.7% at $43.12 per share.</p>\n<p>Riot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.</p>\n<p>Riot Blockchain is trading higher by 3% at $37.61 per share.</p>\n<p>Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy.</p>\n<p>Coinbase is trading higher by 2% at $271.15 per share.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Bitcoin-Related And Ethereum-Related Stocks Are Moving Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Bitcoin-Related And Ethereum-Related Stocks Are Moving Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-02 22:22 GMT+8 <a href=https://finance.yahoo.com/news/why-bitcoin-related-ethereum-related-113550305.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global, Inc. (NASDAQ: COIN) are trading higher amid an increase...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-bitcoin-related-ethereum-related-113550305.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIOT":"Riot Platforms","COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/why-bitcoin-related-ethereum-related-113550305.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2164282866","content_text":"Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global, Inc. (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).\nBitcoin is trading 4.7% higher at around $49,965 Thursday morning.\nEthereum is trading 6% higher at around $3,752 Thursday morning.\nMarathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.\nMarathon Digital is trading higher by 4.7% at $43.12 per share.\nRiot Blockchain is focused on building, supporting and operating blockchain technologies. The company's portfolio consists of Verady, Tesspay, Coinsquare and others.\nRiot Blockchain is trading higher by 3% at $37.61 per share.\nCoinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy.\nCoinbase is trading higher by 2% at $271.15 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815305971,"gmtCreate":1630640463793,"gmtModify":1676530364060,"author":{"id":"4092793128665040","authorId":"4092793128665040","name":"TheZXC","avatar":"https://static.tigerbbs.com/40d7e9ffac802e828adc176927d32d39","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092793128665040","authorIdStr":"4092793128665040"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815305971","repostId":"2164824410","repostType":4,"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815302277,"gmtCreate":1630640433899,"gmtModify":1676530364045,"author":{"id":"4092793128665040","authorId":"4092793128665040","name":"TheZXC","avatar":"https://static.tigerbbs.com/40d7e9ffac802e828adc176927d32d39","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4092793128665040","authorIdStr":"4092793128665040"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815302277","repostId":"2164824410","repostType":4,"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
