China’s services sector expanded at a slower pace in May as new business growth softened, a Caixin survey showed Wednesday.
The Caixin China General Services Business Activity Index, which provides a snapshot of operating conditions in the country’s services sector, fell to 52.7 in May from a 15-month high of 54.5 in April. A reading above 50 indicates expansion, while anything below that signals a contraction.
京公网安备 11010502034662号 