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Growth in China’s services sector accelerated in July, a private survey showed on Wednesday, although the spread of the Delta variant across the country threatens to dampen the recovery in the world’s second-biggest economy.
The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.9 in July, the highest since May and up from 50.3 the previous month. The 50-point mark separates growth from contraction on a monthly basis.
The improvement in the private survey, which focuses more on smaller firms in coastal regions, stood in contrast with findings . . .
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