China service sector accelerates in May, new business up most since 2012
Activity in China`s services sector accelerated in May as new business rose at the fastest pace in three years, a private survey showed on Wednesday, a rare piece of good news for policymakers struggling to reviving a cooling economy.
Jun 03, 2015, 08:53 AM IST
China services activity rebounds but property remains a worry
The services purchasing managers` index (PMI) compiled by HSBC/Markit jumped to 54.1 in August - the strongest in 17 months - from a nine-year low of 50.0 in July.
Sep 03, 2014, 09:32 AM IST
China's July services activity falls to lowest in nearly 9 years
The weaker readings in services raise the question of whether Beijing needs to do more to support growth, particularly in the rapidly cooling property sector.
Aug 05, 2014, 08:45 AM IST
