China Services Industry Index Rises Amid Slowdown Concern
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A Chinese services-industry index rose in April as Premier Li Keqiang grapples with countering a slowdown in the world’s second-biggest economy while avoiding large-scale stimulus.
The non-manufacturing purchasing managers’ index was at 54.8 last month compared with 54.5 in March, the National Bureau of Statistics and the Federation of Logistics and Purchasing said in Beijing today. A number more than 50 indicates an expansion.