China's services activity growth momentum softens in Feb, Caixin PMI shows

BEIJING: China's services activity grew at a slower pace in February, with business confidence moderating for the second month and firms trimming staff numbers for the first time since November, a private-sector survey showed on Tuesday.

The Caixin/S&P Global services purchasing managers' index (PMI) edged down to 52.5 from 52.7 in January, but was still above the 50-mark that separates expansion from contraction for the 14th consecutive month.