Growth in China services sector rose to a 15-month high on the back of strong growth in exports, a private survey showed on Monday.
The Caixin-Markit Chinese services business activity index edged up to 54.5 in April compared to 54.4 in March, marking its strongest showing since January 2018. Any value above 50 indicates growth, while anything below represents contraction.
The survey showed that growth in new export orders received by Chinese services companies strengthened at its quickest rate since Caixin measurements began in 2014.
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