Service Sector Growth Highest in 17 Months: Caixin Survey

By Fran Wang

(Beijing) – Growth in China’s service activity accelerated to its strongest rate in 17 months in December, with companies optimistic about prospects in 2017 on anticipated improvements in market conditions, a survey sponsored by Caixin showed Thursday.

The Caixin General Services Purchasing Managers’ Index (PMI) edged up to 53.4 last month from 53.1 in November. The previous high was 53.8 in July 2015.

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