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Activity in China's services sector shrank at the fastest pace in two years in March as a surge in coronavirus cases in several regions restricted mobility and weighed on service demand.
The Caixin Services Purchasing Managers' Index (PMI) tumbled to 42 in March from 50.2 in the previous month, slipping below the 50 mark that separate growth and contraction on a monthly basis. The reading indicates the steepest activity decline since the initial . . .
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