China December HSBC services PMI at three-month high, more stimulus still seen

By Xiaoyi Shao and Kevin Yao BEIJING (Reuters) - China's services sector grew at its fastest pace in three months in December as new orders remained strong, a private survey showed, an encouraging sign of strength even as manufacturing activity slows and the property market softens. The robustness in the services sector contrasted sharply with surveys last week which showed Chinese factories were struggling at the end of 2014, suggesting a further loss in economic momentum. ...