China February HSBC services PMI edges up

http://ift.tt/eA8V8J Activity in China's services sector grew modestly in February as new orders rose at their quickest pace in three months, a private survey showed just a few days after the central bank cut interest rates to stimulate the world's second-largest economy. The PBOC had already cut interest rates in November and reduced the reserve requirement (RRR) - the ratio of cash that banks must set aside as reserves - earlier in February, the first such reduction in over two years.



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