China’s services sector activity expanded at slower pace in December as coronavirus outbreaks tempered recovery

Summary:
[unable to retrieve full-text content]China’s services sector activity expanded at a slower pace in December, a private sector survey showed on Wednesday, as sporadic coronavirus outbreaks tempered the recovery in consumer confidence and weighed on new business growth.The Caixin/Markit services Purchasing Managers’ Index (PMI) eased to 56.3, a three-month low, in December from 57.8 in November, but remained well above the 50-mark that separates growth from contraction on a monthly basis, pointing to brisk expansion.A sub-index for…

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