China's service sector slows in December

Service sector in the world's second largest economy eased down in the last month of 2013 with the pace of growth falling towards the lowest level since 2011 mainly due to a drop in new work inflow, Markit Economics and HSBC Bank showed in a report on Monday. China's business activity index for service sector slipped from 52.5 points in November to 50.9 in the following month.