By Liangping Gao and Ryan Woo
BEIJING (Reuters) -China’s services activity grew in September but at a slightly slower pace, a private survey showed on Tuesday, with job losses weighing on the sector despite strong domestic and overseas demand.
The RatingDog China General Services PMI, compiled by S&P Global, slipped to 52.9 in September from 53.0 in August, staying above the 50-mark that separates growth from contraction.
RatingDog’s index is viewed as a better gauge of smaller, export-oriented service providers along China’s east coast, while the official PMI primarily tracks large and medium-sized enterprises, including state-owned companies.
New business growth slowed marginally in September from August, but new export orders rose at the fastest pace in seven months, helped by a rec