The Chinese service sector recorded its strongest growth in three months last October. According to a private sector survey published on Tuesday, the Caixin/S&P Purchasing Managers’ Index (PMI) rose from 50.3 points in September to 52.0 points. Values above the 50-point mark signal growth. Experts see this development as the first sign of the effectiveness of the Chinese government’s latest economic stimulus measures. In September, Beijing announced monetary and fiscal policy stimuli to boost economic growth. The Politburo recently promised the „necessary spending“ to get the economy back on track.