China Still Has a Long Way to Go to Build a Service Economy

Shoppers pick up vegetables at a market in Beijing Photograph by Wang Zhao/AFP via Getty Images

The bad news keeps coming. Following two days of dismal numbers showing China’s manufacturing sector is slowing, now the service sector has disappointed. The not-so-happy takeaways: Don’t expect an economic recovery soon, and Beijing’s much sought-after goal of rebalancing still looks far off.

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