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China: Services activity slows in July according to independent index

China's Caixin services index falls to 51.5 in July, its lowest level in eight months.

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The fact

Growth in the tertiary sector slows despite still-solid domestic demand.

Analysts question the strength of China's economic recovery.

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Why it matters

Ce ralentissement pourrait peser sur les marchés asiatiques et influencer les décisions des banques centrales, notamment en matière de politique monétaire.

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