China’s Services Sector Maintains Growth, Private Survey Shows
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A private gauge of China’s services activity continued to expand in November, easing some concern about the economic outlook.
The Caixin services purchasing managers’ index rose to 51.5 last month from 50.4 in October, Caixin and S&P Global said in a statement Tuesday. That was above the consensus estimate among economists of 50.5. A reading over 50 indicates expansion from the prior month, while a number below that suggests contraction.