The Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November. Photo: EPA-EFE

China’s services sector growth slows in December amid near-record low business confidence

  • Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November
  • More downbeat reading suggests services companies remain cautious about the outlook for China’s economy, despite signs of improvement
Topic |   China economy

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The Caixin/Markit services purchasing managers’ index (PMI) slowed to 52.5 last month from 53.5 in November. Photo: EPA-EFE
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