International Economic
Caixin PMI shows China's service sector growing more slowly
By Josh White
Date: Wednesday 05 Feb 2025
(Sharecast News) - China's services sector expanded at a slower pace in January as growth in new business softened and employment contracted, according to the latest Caixin/S&P Global survey.
The services purchasing managers' index (PMI) fell to 51.0 from December's 52.2, marking a slowdown in activity despite remaining in expansion territory.
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