China service sector grows at fastest pace in seven months in June: official PMI

Activity in China’s services sector expanded at its fastest pace in 7 months in June, official data showed on Tuesday, suggesting consumer confidence is rapidly recovering even as Beijing ramps up coronavirus curbs after a resurgence in infections in the capital. The official non-manufacturing Purchasing Managers’ Index (PMI) rose to 54.4, from 53.6 in May, […]

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