BEIJING : Activity in China's services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived customer demand, driving a solid increase in employment, a private sector survey showed on Friday.The Caixin/S&P Global services purchasing managers' i
BEIJING : Activity in China's services sector expanded at the fastest pace in six months in February as the removal of tough COVID-19 restrictions revived customer demand, driving a solid increase in employment, a private sector survey showed on Friday.
The improvement in market conditions also drove a strong increase in employment. Firms started to take on additional workers for the first time in four months and the rate of job creation was the sharpest since November 2020 as spending and travel got a boost. Thanks to the COVID reopening, business confidence across China's services sector remained robust last month, though the degree of optimism slipped slightly from January's near 12-year highs.
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