China’s services sector grew at the strongest pace in four months in October as new business picked up, encouraging companies to hire more workers, a private survey showed.

The figures were first reported by Chinese financial news outlet Caixin on its website at 0900 Beijing time. That was ahead of a scheduled embargo time of 0945.

The findings, along with upbeat official factory and services readings earlier this week, add to the view that the world’s second-largest economy is on a steadier footing.

Reuters

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