China July HSBC services PMI holds steady at 51.3

Activity in China’s services sector defied the country’s economic cooldown and expanded modestly in July, a private survey showed, as new business orders recovered from a multi-year low in a rare sign of resilience.

via Business feed http://www.scmp.com/business/economy/article/1294395/china-july-hsbc-services-pmi-holds-steady-513