BEIJING—China’s services sector chalked its slowest growth in over a year last month as the volume of new orders dried up, a private survey showed, suggesting a further loss in economic momentum as a rough 2018 draws to a close.
The slowdown in the services sector—which accounts for more than half of China’s economy and is an important generator of jobs—is particularly worrying for policy makers as they have been counting on it to offset rising pressure on exports from a heated trade row with the United States.
