Services Pmi: Caixin China and Chinese Economy

services pmi: However, recent economic data has indicated that the Chinese economy is growing at a better-than-expected pace, which should benefit the market, according a report by the China Securities Journal on Friday, according to Global Times China. For instance, the Caixin China General Services PMI rose to 52.4, compared with 52 in September. Stock will remain volatile over the next five days due to the uncertain factors that will effect the overseas markets, such as the US presidential election and its impact on the US dollar, as well as currencies and stocks in emerging market economies, according to a report by the Shanghai Securities News on Friday. Traders said that sentiment was more stable on the Chinese mainland stock markets because the country rigid capital controls act as a cushion against overseas shocks, Reuters reported on Friday. But stock investors still have to stay cautious, the China Securities Journal report said. David Dai, Shanghai-based investor director at Nanhai Fund Management Co, said he wasn't too concerned with the heated presidential race in the US, because "whoever wins, the impact on China could be mild, and indirect," according to Reuters on Friday. "I don't see any negative element that will trigger panic selling," Dai said. (news.financializer.com). As reported in the news.