Chinese companies rush to list in the U.S. despite tensions

Description

China’s economic numbers for July are all over the place. While the country saw its fastest services growth in over a year and is pushing out more companies to list in the U.S. than ever before, its Iranian crude imports fell off sharply. The S&P Global China General Services PMI surged to 52.6 in July, up from 50.6 in June. That’s the highest reading since May 2024. The increase was driven by stronger demand and a clear rise in new export orders. This number tracks growth at smaller, export-foc...