China's service sector continued to expand in July.

China's services sector grew last month, with the HSBC/Markit PMI holding steady at 51.3, while the "official" non-manufacturing PMI rose to 54.1 from 53.9 in June. However, the HSBC/Markit composite PMI, which combines manufacturing and services, slipped to 49.5 from 49.8 after manufacturing data last week showed contraction. "Without a sustained improvement in demand, services growth is likely to remain lacklustre."