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The Chinese HSBC services PMI increased to 52.9 in April from 52.3 in March.

 

 

A reading below 50.0 indicates contraction.

 

 

The increase was driven by higher new orders and employment in the service sector.

 

 

"The latest set of PMI data indicated that Chinese service-sector companies had a strong start to the second quarter, with activity and new orders both rising solidly in April," the HSBC's chief economist for China Qu Hongbin said.



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