China's service sector expands at slower pace in December

Source: RTT News
© Scanpix/AP
China's service sector continued to expand in December but at slower pace than a month earlier, according to data by Markit Economics on Friday. The HSBC business activity index fell from 52.1 in November to 51.7 in December, still showing a growth in service sector with reading above 50 indicating expansion. The composite output index, which measures both manufacturing and services, increased from 51.6 to 51.8 in December.
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