China serviced PMI attained 51.4 in April

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Source: Forexfactory
China's services activity swung from contraction to expansion in April. HSBC reported that its services PMI index rose from 49.9 to 51.4 in April. Experts said that stronger growth in the serves sector may be attributed to the larger number of newly created businesses as well as to general improvement of the economic conditions in the country.
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