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China’s services sector expanded at slowest pace in three months in January – private survey

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China’s services sector expanded at the slowest pace in three months in January, a traditionally busy season, as new orders dipped and companies cut prices, a private sector survey showed on Wednesday.

The Caixin/Markit services purchasing managers’ index (PMI) slowed to 51.8 last month from 52.5 in December, but was still higher than an 8-month low hit in October.

Notably, the survey was conducted before the Lunar New Year holiday . . .

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