News Snapshot:
Employees check displays at a production facility in Jiujiang, Jiangxi province, in August. [Photo/China Daily] China's services sector in August continued to recover from the recent wave of COVID-19, a private survey showed on Monday. The Caixin China General Services Purchasing Managers' Index came in at 55 in August, compared with 55.5 in July, marking the second-quickest pace since May 2021, media group Caixin said. A PMI reading above 50 points to expansion, while one below signals contraction. Wang Zhe,senior economist at Caixin Insight Group, noted both supply and demand in the services sector expanded in August. While the services...
