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China services sector activity hits 17-month high in December

Car sales are forecast to slow to single-digit growth this year, home sales are on a downward trend and even China's red-hot film industry grew only 3.7 per cent last year.


GROWTH in China's services sector accelerated to a 17-month high in December, a private survey showed, adding to views that the world's second-largest economy is entering the new year with stronger momentum.

The strong pickup mirrored improvements in manufacturing surveys...

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