China service sector growth expands slightly in June
Business activity in China’s service sector expanded slightly in June, a private survey showed Tuesday.
The Caixin China General Services PMI (Purchasing Managers’ Index) came in at 52.7 in June, up from 51.2 in May, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co. Ltd.
A reading above 50 indicates expansion, while a reading below 50 represents contraction.