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5 Jan 2023
China's Caixin Services PMI improves to 48.0 in December vs. 47.5 expected
China's Caixin Services PMI for December arrived at 48.0 vs. 47.5 expected and 46.7 prior, showing that the country’s services activity slowed its pace of contraction in the reported month.
December survey data suggested softer falls in business activity and new work.