China's Caixin Services PMI unexpectedly slumps to 42.0 in March

China's Caixin services PMI for March came in at 42.0 vs. 53.0 expected and 50.2 last, showing that the country’s services activity contracted on coronavirus outbreak-induced lockdown measures.

China’s services activity falls at the quickest rate since February 2020 amid a notable drop in sales.

more to come ....