MARKET WATCH

The service sector faces headwinds due to lagging demand.Chinese companies’ IPOs are shrinking as the stock markets remain bearish and regulatory rules have raised the listing threshold.The country rolls up its sleeves to develop environmentally friendly wind power.Domestic energy firms quicken the pace of their outbound mergers and acquisitions.E-commerce giant Alibaba reports disappointing profits.Foreign insurance firms find it difficult to expand their China presence.