China’s services sector continued to expand in January although the growth decelerated slightly, becoming an increasingly important support for the world’s second largest economy while the country's manufacturing sector contracted for the second straight month.
The Caixin/Markit services purchasing managers’ index (PMI) moderated to 53.6 in January from 53.9 in the previous month, but still well above the 50 mark separating growth from contraction.
Notably, the sub-index for the new export orders hit . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In