China Caixin Services PMI Hit 52.6 in Jul-25

MACROECONOMY
China Caixin Services PMI Hit 52.6 in Jul-25
China’s Caixin Services PMI rose to 52.6 in Jul-25 (vs Jun-25; 50.6), the fastest expansion since May-24 and above forecasts (50.4). New business grew at a one-year high, supported by the first foreign demand growth in three months amid a tourism rebound. Employment rose at the quickest pace since Jul-24, backlogs slightly increased, and selling prices climbed for the first time in six months as input costs rose. Business sentiment improved to the highest since Mar-25 on hopes of stronger global trade conditions. (Trading Economics)

INDUSTRY
China Logistics Prosperity Index at 50.5% in Jul-25
China’s Logistics Prosperity Index stood at 50.5% in Jul-25 (–0.3ppt MoM), maintaining expansion despite extreme weather. Ecommerce express remained strong with a 69.3% business volume index, while seasonal produce boosted air logistics to 52.8% (+0.8ppt MoM). Road and rail transport stayed stable. New orders rose in East and West China but fell in central regions due to heavy rains and heatwaves. Fixed-asset investment in logistics continued to rise, with strong confidence in air, high-end industrial, and cross-border logistics. (中国财经)


COMPANY
Barito Renewables (BREN) Received idAA- Rating with Stable Outlook from PEFINDO
PEFINDO assigned an idAA- rating with a stable outlook to BREN on 30 Jul-25, citing its strong market position, solid revenue visibility, and government support for renewables. (Emitennews)