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Business / Macro

China's Nov service industry improves: HSBC

(Xinhua) Updated: 2014-12-03 11:14

BEIJING -- Chinese service industry grew at a solid pace last month that was little-changed from October, data company Markit said Wednesday in a statement.

The HSBC China services purchasing manager's index (PMI) posted at 53.0 in November, up slightly from 52.9 in October.

A reading above 50 indicates expansion, while a reading below 50 represents contraction.

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