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China official services PMI at one-year low in January
[BEIJING] Growth in China's services sector cooled to a one-year low in January, an official survey showed on Sunday, reinforcing expectations about the Chinese economy losing more steam in coming months.
The official non-manufacturing purchasing manager's index, or PMI, fell to 53.7 from December's 54.1.
That is above the 50-point level that separates growth from contraction on a monthly basis, but still a low not seen since January 2014.