China's service sector recovery accelerated in July, led by IT, transportation, and culture industries.

China's service sector recovery increased in July, with a 4.8% year-on-year rise, driven by growth in industries like transportation, IT, and culture. The information transmission, software, and IT services sub-index showed the highest growth at 12.6%, followed by leasing & business services at 9% and transportation, warehousing, and postal services at 5.3%. The financial sector's index also increased by 5.1%.

August 15, 2024
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