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China’s service sector grew slowest in five month, exports orders back to expansion


China’s services sector expanded at the slowest pace in five months in July despite a sharp rebound of new export orders.

The Caixin/Markit services purchasing managers’ index (PMI) fell to 51.6, the lowest level since February, compared with 52 in the previous month. The 50-point mark separate expansion from contraction.

The gauge for new export orders placed with Chinese services companies returned to expansionary territory, coming in at a three-month high of 54, compared with . . .

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