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China Caixin Services PMI Slips but Remains in Expansion Territory — Update

A private gauge of China’s service sector declined in April but stayed in expansion territory, as consumers shifted to close-contact services after Beijing lifted Covid-19 restrictions.

The Caixin China services purchasing managers index fell to 56.4 in April from 57.8 in March, Caixin Media Co. and S&P Global said Friday.

It marked the fourth…

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