China's service sector continues to expand

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Source: Xinhuanet
China's service sector continued to expand in December, fuelling optimism of a recovery in the world's second biggest economy. The PMI of service sector rose 0.5 percentage points to 56.1% in December, according to data by the China Federation of Logistics and Purchasing. The reading marked an advance of three straight months. A PMI figure above 50% indicates an expansion, while reading below the 50% mark indicates contraction.
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