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China’s services sector activity grows at slowest pace in seven months – private survey

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China’s services sector grew at its slowest pace in seven months in September as operating expenses continued to rise, despite a strong pick up in new orders, showed a private survey on Tuesday.

The Caixin/Markit services purchasing managers’ index (PMI) slipped to 51.3 last month, the lowest since February, compared to 52.1 a month earlier. It has stayed above the 50-point that separates growth from contraction on a monthly basis since late 2005.

The fall . . .

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