China’s service production index went up 5.7 percent year on year in July, data from the National Bureau of Statistics (NBS) showed.
Contact-based service sector witnessed a quick recovery, with the sub-index for accommodation and catering surging by 20 percent year on year.
The sub-index tracking the output of the information transmission, software and IT services climbed 11.2 percent, while that for financial services expanded 7.6 percent, according to the NBS. The index measuring business activity in the service sector stood at 51.5 percent in July, above the boom-bust line of 50.—APP
