China August services activity falls to lowest level in over a year - Caixin PMI

Activity in China's services sector expanded at its slowest rate in more than a year in August, a private survey showed on Tuesday, a worrying sign for what has been one of the lone bright spots in the cooling economy. Services have accounted for the biggest part of China's economic output for at least two years, with resilience in the sector helping to cushion the downdraft from persistent weakness in the factory sector.