The services sector of China's cooling down economy showed some resilience in July, according to a survey carried out by HSBC/Markit.

As China's economy is expected to grow at its weakest pace since the year 1990, the HSBC/Markit Purchasing Managers' Index (PMI) for the country's services sector stood at 51.3 in July.

It may be noted here that a reading of above 50 represents growth in an economic sector, while a reading of below 50 stands for contraction. The reading for July was unchanged from the previous month of June and just slightly above a twenty-month low of 51.1 recorded in April.

Qu Hongbin, a senior economist with HSBC, said, "China's service sector has stabilised at a relatively low level of growth."

A recently revealed official survey report showed a pickup in the non-manufacturing sector in July. The government's purchasing managers' index (PMI) for non-manufacturing sector jumped from 53.9 in June to 54.1 in July.

However, Hongbin added cautioned that growth of services sector would likely remain dull unless the sector sees a sustained improvement in demand, as profit margins continued declining.

Decline in foreign demand for Chinese goods have long been hurting the economy as slowdown in demand forced factories to cut production. Declining investment has added to the economic woes.