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China services sector expands at year-end

China's services sector ticked up from a four-month low in December, according to HSBC's monthly purchasing managers' index.

The index ended the year at 53.4, its best reading since September. HSBC said numerous respondents reported growth in new orders, which should bode well for 2015 production.

Panellists suggested that a combination of promotional activities and increased market activity helped to boost new workloads.

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