After broadly stabilising at the start of 2016, the Caixin China Composite PMI™ data (which covers both manufacturing and services) indicated a renewed fall in total Chinese business activity in February. At 49.4, the composite index was down from 50.1 in January and below the neutral 50.0 threshold to signal a marginal rate of contraction. Latest data indicated a softening of growth momentum across China’s service sector, with business activity expanding at only a modest pace. Furthermore, the Caixin China General Services Business Activity Index reading of 51.2 was down from January’s six-month high of 52.4 and ... (full story)