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Caixin China General Services PMI: Business activity growth picks up in November
The latest PMI survey data signalled further increases in activity and demand across China's service sector in November. Though modest by historical standards, upturns in both activity and overall new work were the best seen for three months amid reports of firmer market conditions. Concurrently, companies expressed stronger optimism around the year-ahead outlook. Employment meanwhile fell fractionally, as some firms maintained a cautious approach to hiring. Cost pressures moderated again in November, with average operating expenses rising at the weakest rate in nearly a year-and-a-half. Prices charged by services ... (full story)