China#39;s December services sector extends declines as COVID cases surge: Caixin PMI

China#39;s December services sector extends declines as COVID cases surge: Caixin PMI The Caixin/SP Global services purchasing managers#39; index (PMI) rose to 48.0 in December from 46.7 in November, but remained below the 50-point mark, which indicates contraction in activity, for a fourth straight month.