China services growth slows in February - Caixin

5th Mar 2024 07:29

(Sharecast News) - Growth in China's services sector slowed in February, according to a survey released on Tuesday.

The Caixin business services activity index edged down to 52.5 from 52.7 in January, but remained above the 50.0 mark that separates contraction from expansion for the 14th month in a row.

Wang Zhe, senior economist at Caixin Insight Group, said: "This indicated a continued recovery in China's services sector."