Beijing | Expansion in China's services activity slowed slightly at the start of this year, despite new export business increasing at the fastest pace in 14 months, a Caixin survey shows.
The Caixin China General Services Business Activity Index, which provides a snapshot of operating conditions in the country's services sector, edged down to 53.6 in January from 53.9 the previous month, according to the survey. A reading above 50 indicates expansion, while anything below that points to contraction.
