China services gauge rises in June

07/3/2014 | Bloomberg

Further evidence emerged of building strength in China's economy as HSBC's service-sector purchasing managers index for June rose to its highest level in 15 months. And HSBC's combined index for services and manufacturing rose to 52.4 from 50.2 in May. The better figures were welcomed in markets Thursday, with China's interest-rate swaps posting gains.

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