China Services Sector Growth Falls to Seven-Month Low: Caixin PMI

China Services Sector Growth Falls to Seven-Month Low: Caixin PMI
A restaurant is seen in a mall in Shanghai, China on Sept. 18, 2018. Aly Song/Reuters
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BEIJING—China’s services sector grew at its slowest pace in seven months in September despite a strong increase in new orders, as operating expenses continued to rise at the end of the third quarter, a private survey showed on Oct. 8.

Services account for more than half of China’s economy, providing a key buffer as persistent trade tensions with the United States weigh heavily on the country’s manufacturing sector.