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China's services sector grew in February: HSBC

China's services sector strengthened by a fraction in February, according to HSBC.

The monthly purchasing managers' index for the services sector was 52, a slight increase from the six-month low of 51.8 in January. Any level above 50 reflects growth in the survey by HSBC and compiled by Markit.

The lacklustre readings indicate softening demand in the world's second largest economy but HSBC said there was "anecdotal evidence" of new projects and strong client demand.

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