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5 Sept 2019 (AFR) – China services grows at fastest pace in three months

(5 September 2019, AFR, p14, Liu Jiefei)

Beijing | China’s services sector expanded at the fastest pace in three months in August as the growth of new business orders placed with services providers picked up, a survey showed on Wednesday. The Caixin China General Services Business Activity Index, which provides a snapshot of operating conditions in the country’s services sector, rose to 52.1 in August from 51.6 in the previous month. A reading above 50 indicates expansion, while anything below that signals a contraction.’

Read more at AFR.com (might need AFR login, or try: AFR.com/trial)

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