Mon, 04 Jun 2012 07:04:24 GMT
China's service sector growth decelerates
Chinese services sector growth decelerated last month, escalating worries about overall performance of the country's economy. Non-manufacturing PMI declined from 56.1 to 55.2 last month, following sharp fall in manufacturing activity. The data is expected to force China's government to ease monetary policy further to stimulate sluggish economic performance of the country.