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HSBC's China services PMI falls to 5-month low

Not an optimistic sign for an economy wanting to transition from industrial powerhouse to service-sector giant.

HSBC's purchasing managers index for the service sector slipped from 53.5 in May to 51.8 in June, the lowest reading since January.

Any score above the 50 level indicates growth but this is the first month-to-month decline January.

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