Investing.com - Activity in China's services sector, the largest contributor to gross domestic product, expanded at its slowest pace in 17 months in December.
The Caixin services purchasing managers’ index ticked down to 50.2 from November’s 51.2, compared to forecasts for a reading of 52.3.
The report came after a similar survey earlier in the week showing that Chinese manufacturing activity contracted for the tenth straight month in December.
The weak data has added to fears over the outlook for the world’s number two economy.
Meanwhile, China's yuan fell Wednesday to fresh 5-year lows after the People's Bank of China again fixed rates for the currency lower.