China's services sector in Dec expands at fastest pace in five months with private Caixin PMI rising to 52.9

China’s services sector continued to revive in December 2023 as its yearlong recovery kept on going, a survey showed on Thursday. The Caixin services purchasing managers’ index (PMI) – a private gauge – expanded at the quickest pace in five months in December to 52.9 from 51.5 in November.

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