Index spike points to year's 'good start'

China's services sector activity expanded strongly in January, the fastest pace in almost six years, according to a major private survey. Analysts said the survey result shows China's growth remained resilient at the start of this year.

The Caixin/Markit services Purchasing Managers' Index, released on Monday, was 54.7 in January, up from 53.9 in December. It was the highest reading since May 2012.

The reading is in line with the official services business index, which stood at 54.4 in January, 1 point higher than the previous month. The 50 mark separates growth from contraction.