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06.01.2016 09:12 Chinese Markit/Caixin services PMI falls to 50.2 in December

The Caixin/Markit Services Purchasing Managers' Index (PMI) for China declined to 50.2 in December from 51.2 in November, missing expectations for an increase to 52.3.


The index was driven by a subdued client demand.


Recruitment at services continued to rise in December, while backlogs of work were little-changed.


"In light of the setback to services sector growth, the government needs to gradually relax restrictions in the sector. This will release the potential of supply-side reform, improve the economic structure and help with the industrial transformation and upgrading," Dr. He Fan, Chief Economist at Caixin Insight Group, said.

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