Services growth remains stable

Caixin PMI for key sector rises to 52.7, its highest level in 3 months

China's service sector growth, measured by a major purchasing managers' index, accelerated in August, hitting a three-month high, according to a private survey issued on Tuesday. Officials and economists said the country's third-quarter growth is expected to remain stable.

The Caixin Services Purchasing Managers' Index rose to 52.7 in August, up from 51.5 in July, according to a survey conducted by financial information service provider Markit and sponsored by Caixin Media.