China's service sector experienced a 5.8% year-on-year growth in Jan-Feb 2024, accelerating from 5.5% in 2023.
China's service sector experienced a faster growth in Jan-Feb 2024, with a 5.8% year-on-year increase in its official production index, according to data from the National Bureau of Statistics. This growth rate accelerated from the 5.5% seen in the same period in 2023. Key sectors such as accommodation and catering, information transmission, software and IT services, financial services, and transportation, warehousing, and postal services all registered increases.
March 18, 2024
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