China’s service sector growth slowed to its weakest pace, reaching a six-month low in December, according to a recent survey compiled by S&P Global.
Meanwhile, the Chinese communist regime’s official data showed that China’s non-manufacturing purchasing managers’ index (PMI) remained in contraction in December. Combined with a weak manufacturing PMI, the data indicate that China’s economic growth remains fragile and uneven as the new year begins, analysts told The Epoch Times.
S&P Global’s RatingDog China General Services PMI, a key private sector survey released on Jan. 5, showed that China’s services PMI slowed to 52 in December from 52.1 in November, marking the fourth consecutive month of slowing growth. The 50-point PMI threshold separates expansion from contraction….
China’s Services PMI Growth Hits 6-Month Low in December: S&P Global Survey
