China: Employment rising as service sector recovers at a faster pace

The Caixin China General Services Business Activity Index, better known as the services PMI and

which provides an independent view of operating conditions in the services sector, rose to its highest level of 56.8 since June from 54.8 in September.

A number above 50 shows an expansion in activity, while a figure below that indicates a contraction, said a Caixin survey.  

The services sector, accounting for about 60% of the economy and half of the urban jobs,

had initially been slower to return to growth than the manufacturing sector,

but its recovery has in recent months gathered pace, according to Reuters. 

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