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HSBC's China services index fall to four month low

China's services sector slowed to a four month low last month as cost burdens in the sector rose, according to a private measure.

HSBC's China services index for October offered a reading of 52.9, down from 53.5 in September and the slowest reading since July.

Any reading above 50 suggests growth but the slowdown adds to pressure on policymakers in Beijing, who are trying to prop up growth with resorting to strong fiscal or monetary stimulus.

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