Source: China – South China Morning PostActivity in China’s services sector in January expanded at the slowest pace in five months, as a surge in local coronavirus cases and containment measures hit new business and consumer sentiment while employment fell, a private survey showed on Monday.The Caixin/Markit services purchasing managers’ index (PMI) dropped to 51.4 in January – the lowest since August – from 53.1 in December. The 50-point mark separates growth from contraction on a monthly basis.The soft reading is likely to…Read More