BEIJING, July 3 China's service sector activity
expanded at the fastest pace in 15 months in June, a private
survey showed on Thursday, reinforcing signs that the broader
economy is stabilising.
The services purchasing managers' index (PMI)compiled by
HSBC/Markit rebounded to 53.1 in June from 50.7 in May, well
above the 50-point level demarcating expansion from contraction.
In a sign that the domestic economy is regaining some
internal strength, a sub-index measuring new businesses jumped
to 53.8 in June, the strongest expansion since January 2013.
(Reporting by Aileen Wang; Editing by Kim Coghill)