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China’s services activity expands at fastest pace in three months, new hiring picks up – private survey

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China's services sector activity expanded at the fastest pace in three months in August driven by strong growth of new orders and the biggest increase in hiring in over a year, shows a private survey.

The Caixin/Markit services purchasing managers’ index (PMI) picked up to 52.1 in August, the best performance since May, compared with 51.6 a month earlier, extending the growth streak since late 2015. The 50-point separates growth from contraction on a monthly . . .

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