China’s services sector expanded at a faster pace in July, boosted by the accelerating recovery in business activity and new orders as some domestic Covid-19 flare-upscame under control, a Caixin-sponsored survey showed Wednesday.
The Caixin China General Services Business Activity Index, which gives an independent snapshot of operating conditions in the sector, surged to 54.9 in July from a 14-month low of 50.3the previous month. A number above 50 indicates an expansion in activity, while a figure below that points to a contraction.
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