China s Economic Activity Surged in January-February morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Read more about China s factory growth surges 35.1% as economic recovery accelerates on Business Standard. Retail sales in the period also rose in a boost to domestic demand, giving a strong lift to business activity on top of the recent upsurge in exports growth
China Services-Sector Growth Drops to 10-Month Low
A private gauge of China’s services-sector activity fell in February, with the rate of growth in business activity dropping to a 10-month low, as a recent resurgence of Covid-19 cases globally dampened overseas demand.
The Caixin China services purchasing managers index fell to 51.5 in February from 52 in January, Caixin Media Co. and research firm Markit said Wednesday. But the index still stood above the 50-mark separating expansion from contraction for the 10th straight month, signaling that supply and demand in the services sector continue to grow.
Total new orders received by Chinese services companies expanded at a softer rate in February as business activity rose modestly. The subindex of exports fell into contractionary territory for the first time in four months, Caixin said.
China Private Factory Gauge Weakens to Nine-Month Low morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.