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ECONOMY

China’s Service Sector Expansion Eases in February: Caixin Survey

By Fran Wang

(Beijing) — China’s service sector grew at a slower rate in February than it did the previous month, as increases in the number of new business slowed and there were limited opportunities for firms to raise prices, a survey sponsored by Caixin showed on Friday.

The Caixin China General Services Business Activity Index slipped to 52.6 in February from 53.1 in January and the 17-month high of 53.4 in December, according to the survey.

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