China’s services activity expanded at the slowest pace in seven months in April, with the Caixin/S&P Global services PMI falling to 50.7 from 51.9 in March. New business growth slowed to its weakest since December 2022, though export orders edged up slightly due to tourism recovery. Business sentiment grew at the slowest pace since February 2020, with companies citing U.S. tariffs as a major concern. Service providers cut jobs for the second straight month to curb costs. The Communist Party’s Politburo has pledged support for firms most affected by the tariffs.