Chinese service companies post fastest growth in decade as recovery picks up – Business Live | Business

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Despite outbreaks in some places, the epidemic has remained largely under control in China. The resumption of work in the services sector has accelerated. The business activity index peaked in 10 years and the total new business gauge also reached its highest level since August 2010, indicating a good recovery in service activities.Despite the uncertainties about the pandemic abroad, the measure for new export activities has returned to expansionary territory, which means that external demand has not been a brake for the first time in five months ….

The gauge of business expectations further increased in expansionary territory for the fourth consecutive month, suggesting that service providers remained very optimistic about their business prospects over the next 12 months, while the epidemic was under control , restrictions lifted and the economy was recovering at a sustained pace. faster pace.

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