China’s economic activity soars as demand recovers

The world’s second biggest economy is strengthening following the lifting of pandemic restrictions Chinese services sector activity jumped sharply in February as the economic recovery picked up speed following the lifting of most Covid-19 pandemic restrictions, a Caixin survey showed on Friday. According to the agency, the services purchasing managers’ index (PMI), which measures activity in the services sector, rose to 55 points last month from a January reading of 52.9, growing at its fastest pace in seven months. The 50-point mark separates growth from contraction. The Caixin survey focuses on smaller, private

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