Services boost augurs well for the economy

New business growth to help counter market volatility, external headwinds

Activity in China's services sector further improved in April, with exports rising at a fast clip, a private business survey showed on Monday, pointing to healthy momentum for the rest of the year.

The Caixin China General Services Business Activity Index inched up to 54.5 in April from the previous month's 54.4, the second-highest level since May 2012.