Activity in China’s services sector expanded at the fastest pace in 13 months in October, offering further indications that the economy has stabilized, though activity in some important areas including new orders slowed.
The official purchasing managers’ index (PMI) for the non-manufacturing sector rose to 56.3 in October from September’s 55.4, the National Bureau of Statistics said on Sunday.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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