Diners enjoy food at a restaurant in a shopping mall in New Century Square, Handan, Hebei province, on Jan 24. (PHOTO by HU GAOLEI/FOR CHINA DAILY)
China's services activity recorded momentum in May, a private survey showed on Monday.
The Caixin China General Services Purchasing Managers' Index went up to 57.1 in May from the 56.4 in April, and is a level higher than the official figures released last week. The 50-point mark separates expansion from contraction in activity.
The private survey found that service companies reported a rise in new business in May mainly pushed by the May Day holiday
The private survey found that service companies reported a rise in new business in May mainly pushed by the May Day holiday.
The Caixin's composite PMI, which includes both manufacturing and services activities, picked up to 55.6 from 53.6 in April.
Copyright 1995 - 2023. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
HONG KONG NEWS