Pedestrians walk past a Lego installation in Shanghai, China, on Friday, Dec. 28, 2018. China announced plans to rein in the expansion of lending by the nation's regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in the world's second-biggest economy. Photo: Bloomberg

China’s service activities expanded in December despite broader economic slowdown

  • The service sector purchasing managers’ index (PMI), compiled by Markit and published by Caixin, rose in December.
  • By comparison, China’s manufacturing sector has been hit hard by an economic slowdown
Topic |   China economy

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Pedestrians walk past a Lego installation in Shanghai, China, on Friday, Dec. 28, 2018. China announced plans to rein in the expansion of lending by the nation's regional banks to areas beyond their home bases, the latest step policy makers have taken to defend against financial risk in the world's second-biggest economy. Photo: Bloomberg
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.