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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