China's services sector growth hits 11-month high
China's services sector grew in July grew at its fastest pace - and to its highest level - in almost a year - as new business volumes picked up.
The Caixin/Markit services purchasing managers' index jumped to 53.8 last month from a reading of 51.8 in June. It was the biggest gain since a 4.1 point rise in August last year, and is also the highest level for the index since that month.
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