China’s services sector activity expanded at the fastest pace in five months in December, according to a widely watched private survey, offering some optimism as policymakers in Beijing seek to stimulate a faltering recovery in the world’s second-largest economy.The seasonally adjusted Caixin services purchasing managers’ index released on Thursday rose to 52.9 in December from 51.5 the previous month, above the 50-point threshold that separates expansion from contraction. The figure was ahead of the forecast of 51.6 by economists polled by Bloomberg.
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