China Daily-Agencies
) Updated: 2012-06-06 11:27China's services industry expanded at a faster pace in May, according to a survey of purchasing managers released by HSBC Holdings Plc and Markit Economics.
The PMI rose to a 19-month high of 54.7 in May from 54.1 in April, HSBC and Markit said on Tuesday. The result contradicted a government-backed survey of services businesses released on June 3 and signs from other data that a slowdown in the economy is worsening.
China Daily-Agencies
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