Caixin Services Sector Index Edges Down to 53.1 in Jan.

By Fran Wang

(Beijing) – Growth in China’s service sector lost momentum at the start of 2017 as new orders increased at a slower pace than that in December 2016, a survey sponsored by Caixin showed on Monday.

The Caixin China General Services Business Activity Index fell to 53.1 in January from December’s 17-month high of 53.4, according to the survey.

A reading above 50 indicates expansion, while anything below that points to contraction.

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