LINE

    Text:AAAPrint
    Economy

    China's service sector activity rises slightly in Dec.

    1
    2016-01-06 11:39Xinhua Editor: Gu Liping

    Business activity in China's service sector rose in December on soft client demand, a private survey showed Wednesday.

    The Caixin China General Services PMI (Purchasing Managers' Index) came in at 50.2 in December, above the 50-point level, which demarcates contraction and expansion.

    However, the December reading was lower than 51.2 for November, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co., Ltd.

    December data pointed to a slowdown in the growth of China's service sector, with business activity and new orders rising only marginally at the end of the year, the Caixin/Markit report said.

    Slower growth in activity and new business led companies to remain relatively cautious with regard to their growth projections for the coming year, the report said.

    The PMI reading for the service sector is stronger than that for manufacturing, which has stayed below the 50-point mark for 10 consecutive months and declined to 48.2 in December.

    Such a contrast is seen by economists as a sign of the preliminary effect of China's economic restructuring, which focuses more on the service sector while eradicating overcapacity in industrial sectors.

    In total, the Caixin China Composite PMI, which covers both manufacturing and services, edged down to 49.4 in December from November's 50.5, signalling reduced business activity.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 苍南县| 吉木萨尔县| 无棣县| 同德县| 加查县| 闽清县| 萨嘎县| 金平| 高要市| 军事| 江阴市| 公主岭市| 宁津县| 丽水市| 江西省| 秦皇岛市| 昌平区| 思茅市| 增城市| 正阳县| 莱州市| 沁源县| 那坡县| 崇仁县| 油尖旺区| 阿巴嘎旗| 宜州市| 库伦旗| 武隆县| 辽阳县| 深圳市| 潞西市| 多伦县| 江山市| 乳山市| 河南省| 远安县| 洪江市| 璧山县| 文昌市| 南漳县|