The Caixin China General Services PMI, sponsored by Caixin and compiled by international information and data analytics provider IHS Markit, seeks to provide the most up-to-date possible indication of what is happening in the country's growing services industry by tracking variables such as sales, employment, inventories and prices.

It is based on data compiled from monthly replies to questionnaires sent to purchasing executives in over 400 companies. Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month.

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

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