China's Services Activity Slows Despite Growth Streak
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China's services activity has slowed to an index of 51 in January, down from 52.2, despite ongoing growth supported by Lunar New Year season spending, as reported by Caixin.
China's services activity saw an unexpected slowdown while still maintaining a monthslong growth streak, as highlighted by a private survey. The report indicates that the spending surge associated with the busy Lunar New Year season has helped sustain demand.
