China’s services sector expanded at the fastest pace in three months in August as the growth of new business orders placed with services providers picked up, a survey showed Wednesday.
The Caixin China General Services Business Activity Index, which provides a snapshot of operating conditions in the country’s services sector, rose to 52.1 in August from 51.6 in the previous month. A reading above 50 indicates expansion, while anything below that signals a contraction.
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