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China's services sector growth slows in January, signaling weaker business and job cuts.
China's services sector showed slower growth in January, with the Caixin Services Purchasing Managers' Index falling to 51.0 from 52.2 in December, missing expectations.
Despite remaining above the 50 growth threshold, the decline reflects weaker new business growth and job cuts.
Cost pressures increased, with input prices rising, though firms passed some costs to customers.
The composite output index also dropped to 51.1, signaling slower growth in both manufacturing and services.
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El crecimiento del sector de servicios de China se desacelera en enero, lo que indica recortes más débiles de negocios y empleos.