China's services sector expanded in Aug at fastest pace since Jan 2018, factory activity slowed slightly

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China’s non-manufacturing sector expanded as its fastest pace since January 2018 last month, highlighting continued recovery in the economy from the coronavirus damage early in this year.

The official non-manufacturing purchasing managers’ index (PMI) was 55.2 for August, showed data released by the National Bureau of Statistics on Monday, up from 54.2 in July and above analysts’ expectations that it would remain unchanged at 54.2.

A reading above 50 means growth in sector activity, while a reading below 50 means contraction. The higher the reading above 50, the faster . . .

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