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China's services sector expands in March

But private survey reveals slowing job growth pointing to weakness in the economy

Published Fri, Apr 3, 2015 · 09:50 PM

Beijing

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.

But the marginal expansion was offset by lacklustre growth in employment, which fell to a 10-month trough of 51.1. Growth in new businesses was at…

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