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China’s service sector grows at the fastest pace in 14 months

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China's service sector expanded at the fastest pace in 14 months in March, providing further signs that the world's second largest economy is possibly stabilising after government stimulus takes hold.

The Caixin/Markit Service Purchasing Managers’ Index (PMI) picked up to 54.4, the strongest pace in 14 months, compared to a four-month low of 51.1 in the previous month and beating the expectation of 52.3 expected by analysts survey by Reuters.

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