China’s service sector continued to expand but the pace of expansion eased since July on softening incoming new business, a monthly survey compiled by S&P Global showed on Wednesday. The headline Caixin services Purchasing Managers’ Index posted 51.6 in August, down from 52.1 in July and economists’ forecast of 51.9. The index has remained above the threshold of 50.0 for the 20th straight month.
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