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In China, where Beijing is trying to rebalance the world's second-largest economy, activity in the services sector expanded at its fastest pace in six months, partially offsetting weakness in the vast manufacturing industry.Growth in Germany, Europe's largest economy, slowed but remained relatively solid, while in eurozone No. 2 economy France, which has been struggling to produce much growth of late, services businesses perked up a bit.China's leaders have flagged a "new normal" of slower growth as they look to shift the economy to a more sustainable, consumption-led model. He Fan, chief economist at Caixin Insight Group, said the fast expansion of the services sector indicated a better economic structure. Services growth likely slowed in the United States, the world's largest economy, after the Federal Reserve raised interest rates for the first time in nearly a decade in December of last year.Britain's huge services sector appeared to have performed better despite a tough January on financial markets, although firms were concerned about risks ahead, including an upcoming referendum on European Union membership. Markit's eurozone output prices index fell further below the breakeven 50 mark to a 10-month low, underscoring the ECB's inflation dilemma.
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