A private survey shows activity in China's services sector rose to an 11-month high in June, indicating that China is making progress in rebalancing its economy.

The Caixin services purchasing managers' index for June rose to 52.7 from 51.2 in May on a seasonally adjusted basis.

The Caixin composite PMI covering both manufacturing and service activity fell to 50.3 in June. That was down from 50.5 in May and just above the neutral mark that separates contraction from expansion.

Analysts say new business expanded at the fastest rate since July 2015, prompting services firms to hire more workers for a third straight month.