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China’s services sector bounces back, offering support to slowing economy

Activity in China’s services sector returned to growth in September as a major coronavirus outbreak in the eastern province of Jiangsu receded, a private-sector survey showed on Friday, offering some support to a slowing economy. The Caixin/Markit services purchasing managers’ index (PMI) rose to 53.4 from 46.7 in August, pulling away from the lowest level seen since the height of the pandemic last year.…

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