China Services Activity Picks Up Momentum on Stronger Demand, Caixin PMI Shows 

Activity in China’s services sector expanded at the fastest pace in three months in November as demand strengthened, with the gauges for business activity and total new orders showing growth for the 11th straight month, a Caixin-sponsored survey showed Tuesday.

The Caixin China General Services Business Activity Index, which provides an independent snapshot of operating conditions in industries such as retail and tourism, grew to 51.5 from 50.4 in October. A reading above 50 indicates an expansion in activity, while a number below that signals a contraction.