India, Feb. 4 -- The services sector in China continued to expand in January, albeit at a slightly slower pace, the latest survey from Caixin revealed on Monday with a services PMI score of 52.7.
That's down from 52.9 in December, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.
Chinese service providers registered a further increase in overall new business at the start of 2024, thereby stretching the current period of expansion to just over a year. According to panel members, firmer underlying demand conditions and new customer wins had supported the latest upturn in sales. However, the rate of growth eased notably from December's seven-month record and was only modest. New export business ...