China’s services sector activity growth speeds up in July, but Delta variant risks loom

Source: China – South China Morning PostGrowth in China’s services sector accelerated in July, a private survey showed on Wednesday, although the spread of the Delta variant across the country threatens to undercut the recovery in the world’s second-biggest economy.The Caixin/Markit services purchasing managers’ index (PMI) rose to 54.9 in July, the highest since May and up from 50.3 the previous month. The 50-point mark separates growth from contraction on a monthly basis.The better readings in the private survey, which focuses more…Read More

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