China’s services activity expands at slowest rate in 6 months under coronavirus lockdown pressure

Source: China – South China Morning PostActivity in China’s services sector in February expanded at the slowest pace in six months, as the sprawling industry reels from the government’s tough containment measures to stop the spread of local coronavirus outbreaks, a survey showed on Thursday.The Caixin/Markit services purchasing managers’ index (PMI) dropped to 50.2 in February – the lowest since slowing to 46.7 August and only a touch above the 50-point mark that separates growth from contraction on a monthly basis – from 51.4 in…Read More

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