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Growing service sector won't avert China slowdown

Apr 03, 2014, 5:33 AM EDT
An employee works in a textile factory in Huaibei, east China's Anhui province on October 24, 2013.
AFP/Getty Images

A robust services sector will not stop China's economy from slowing into the middle of the year, analysts said after modest government stimulus was seen as a signal authorities want to steady growth to keep their reform drive on track. Two surveys on Thursday showing growth in the service sector offered some relief after a run of disappointing data this year, but did little to alter the view that the world's second-largest economy has lost more momentum than expected in 2014.
Background:
Growing service sector won't avert China slowdown [Reuters]
China slowdown fears linger as manufacturing remains sluggish [The Telegraph]

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