China’s services sector recovered strongly in May driven by a sharp rise in new domestic business. Photo: Reuters China’s services sector recovered strongly in May driven by a sharp rise in new domestic business. Photo: Reuters
China’s services sector recovered strongly in May driven by a sharp rise in new domestic business. Photo: Reuters

China economy

China’s services sector shows strong first growth since start of coronavirus outbreak as controls eased

  • The Caixin/Markit services purchasing managers’ index (PMI) rose to 55.0 in May from 44.4 in April, hitting the highest level since late 2010
  • The return to expansion for China’s services sector was driven by a sharp rise in new domestic business as the economy recovers from virus containment measures

Topic |   China economy
China’s services sector recovered strongly in May driven by a sharp rise in new domestic business. Photo: Reuters China’s services sector recovered strongly in May driven by a sharp rise in new domestic business. Photo: Reuters
China’s services sector recovered strongly in May driven by a sharp rise in new domestic business. Photo: Reuters
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