Growth in China's services sector accelerates in August: official PMI

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Activity in China's services sector expanded at a much faster pace in August, official data showed on Monday, as demand across the economy continues to recover from a coronavirus-induced slump.

FILE PHOTO: Delivery workers wearing face masks ride scooters in front of Lujiazui financial district, in Shanghai, following the coronavirus disease outbreak, China July 10, 2020. REUTERS/Aly Song/File Photo

BEIJING - Activity in China’s services sector expanded at a much faster pace in August, official data showed on Monday, as demand across the economy continues to recover from a coronavirus-induced slump. The official non-manufacturing Purchasing Managers’ Index rose to 55.2 from 54.2 in July, data from the National Bureau of Statistics showed. The 50-point mark separates growth from contraction on a monthly basis.

China’s services sector, which includes many smaller, private companies, has been slower to recover from the health crisis than manufacturing, with heavy job losses, pay cuts and fears of a second wave of infections keeping consumers cautious. The official August composite PMI, which includes both manufacturing and services activity, rose to 54.5 from July’s 54.1.

 

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China’s Regime numbers are like its pandemic numbers, twisted to suit its political goal. Please help Hong Kong & especially youngsters that are seeking freedom. A gift of love will get lots of blessings from heaven above. 💕🙏🆘 Hong Kong.

NBA will be proud of their bosses

Selling cats and bats for consumption... gross.

Despite the US defaming campaign, China government knows his job is to keep his people safe, and they are successful at it!

NBA will be proud of their communist bosses

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