China's economy is 'still weak and unstable'

Reuters/Damir Sagolj Activity levels in China’s services sector, tasked with powering China’s economic transition in the years ahead, decelerated sharply in February, yet again amplifying concerns over the strength of the Chinese economy at present. The Caixin-Markit services purchasing managers’ index slid to 51.2 in February, down 1.2 points on the 52.4 level in January. The index is now fractionally above the 50 level that separates expansion from contraction, meaning that while activit...