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 the highest level in 14 months, indicating the fastest growth pace in more than a year, while overall new orders . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
What you'll get:
- Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In