China's services sector growth soars in November. posts second highest in 10 years

A deliveryman hands over food at a school entrance in Shanghai. [Photo by He Dongping/For China Daily]

BEIJING, Dec 4 (China Daily/ANN) - Growth in China's services sector accelerated in November as new business rose at a steady clip, signaling strong consumer demand in the country, a private survey said on Thursday.

The Caixin/Markit China General Services Purchasing Managers' Index, which measures business activities of the sector and surveys mostly smaller businesses, rose to 57.8, the second highest reading since April 2010, from October's 56.8. It represented a 1 percentage point growth on a monthly basis. The reading was just 0.6 percentage point lower than the decade-high of 58.4 registered in June.