China December services activity shrinks further - official PMI
China's services activity contracted further in December, official data showed on Saturday, amid surging COVID infections following Beijing's abrupt easing of its tough anti-virus policy.
The official non-manufacturing purchasing managers' index (PMI) stood at 41.6 versus 46.7 in November, according to data from the National Bureau of Statistics, below the 50-point mark that separates expansion and contraction in activity on a monthly basis.
The official composite PMI, which includes both manufacturing and services activity, stood at 42.6 compared to 47.1 in November.
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