The Traderszone Network

Published in TZ Latest News 2 April, 2015 by The TZ Newswire Staff

China’s services sector expands in March, job growth at 10-month low: survey

China’s services sector expanded in March even as growth in employment and new business fell to their lowest in at least eight months, a private survey showed on Friday, in yet another sign that the weak Chinese economy may need more policy aid. The HSBC/Markit China Services Purchasing Managers’ Index (PMI) inched higher to 52.3 in March, compared with February’s 52.0, and above the 50-point level that separates growth from a contraction in activity on a monthly basis.

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