GROWTH in China's services sector accelerated in March, but a shrinking job market and deflationary pressure remained concerns, reports Caixin.
The Caixin china General Services Business Activity Index, which provides an independent snapshot of operating conditions in industries such as retail and tourism, came in at 51.9 in March, up 0.5 points from the previous month.
A reading above 50 indicates an expansion in activity, while a number below signals a contraction.
The index, also known as the Caixin China services PMI, is one of the earliest available monthly indicators of business activity in the world's second-largest economy. The services sector accounted for about 57 per cent of China's GDP last year, according to government data.
SeaNews Turkey
The Caixin china General Services Business Activity Index, which provides an independent snapshot of operating conditions in industries such as retail and tourism, came in at 51.9 in March, up 0.5 points from the previous month.
A reading above 50 indicates an expansion in activity, while a number below signals a contraction.
The index, also known as the Caixin China services PMI, is one of the earliest available monthly indicators of business activity in the world's second-largest economy. The services sector accounted for about 57 per cent of China's GDP last year, according to government data.
SeaNews Turkey
