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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong6/5/2012 8:26:13 AM
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China Services Industry Expands at Faster Pace, Survey Indicates
By Bloomberg News - Jun 4, 2012

China’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 today. The result contradicted a government-backed survey of services businesses released June 3 and signs from other data that a slowdown in the world’s second-biggest economy is deepening.

bloomberg.com
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