China Services to Manufacturing Suggest Slowdown Stabilizing

China Services to Manufacturing Suggest Slowdown Stabilizing

Nelson Ching/Bloomberg

Employees work at Alibaba.com Ltd.'s headquarters in Hangzhou. “Jobs aren’t being created in manufacturing, it’s services where all the growth is going to come from, especially sectors like e-commerce, with companies like Alibaba,” said Steve Wang, Hong Kong-based chief China economist with Reorient Financial Markets Ltd.