THEChinese PMI service sector index it rose last month to 52,6 points, from 52,4 in September, recording the best result since March. The survey - carried out by Markit/HSBC - thus returns above the threshold of 50 points, which marks the boundary between expansion and contraction.
The Chinese premier Li Keqiang he said today that the country needs to sustain economic growth of 7,2% to ensure a stable labor market. The Party's third plenum will be held from Friday 9 to 12 November, from which decisive innovations are expected for the liberalization of the economy.
