China Services Expansion Hits Three-Month High, Caixin PMI Shows

China’s services sector expanded at the fastest pace in three months in March as companies’ optimism jumped to a 10-year peak, a Caixin-sponsored survey showed Tuesday.

The Caixin China General Services Business Activity Index, which gives an independent snapshot of operating conditions in the services sector, rose to 54.3 in March from 51.5 the previous month.