Services offset dip in manufacturing
By Chen Jia | China Daily | Updated: 2017-12-06 08:39
A robust expansion of China's services industries has offset weaker growth in the manufacturing sector to further stabilize economic growth momentum in November, according to economic indicators.
The Caixin China General Services Business Activity Index rose to 51.9 in November from 51.2 in October, the fastest expansion in three months, said a report that was released on Tuesday.
The booming services sector has supported a rebound of a composite output index, which covers both manufacturing and service companies, to 51.6 from October's 16-month low of 51, the report said.
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