A robust services sector will not stop China's economy from slowing into the middle of the year, analysts said after modest government stimulus was seen as a signal authorities want to steady growth to keep their reform drive on track. "The scale of the stimulus is modest, likely aimed at smoothing GDP growth at around the 7.5 percent target, rather than another round of massive stimulus," HSBC economists said in a report. "The data shows that China's non-manufacturing industry still maintained a relatively fast growth rate," said Cai Jin, a vice president at the China Federation of Logistics and Purchasing, which compiles the official PMI, said in a statement. "What we've got in China is pretty much what have everywhere in North Asia, which is ... certainly not the export growth we were used to before.
via Business News - Yahoo Finance http://ift.tt/1osQtA8
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