From July, Hainan raised the individual duty free allowance to 100,000 yuan a year. Previous NextThe recovery in China’s service sector activity extended into a fourth straight month in August, an industry survey showed today. Domestic demand drove new orders, with the Caixin survey showing new export businesses received by Chinese services firms contracting again in August, albeit at a slower pace. However, the growth in new orders was the weakest in four months and dropped below the long-term average. “The ongoing resumption of work and normalization of market demand continued to promote the post-epidemic economic recovery,” said Wang Zhe, Senior Economist at Caixin Insight Group.

Source: The Standard September 03, 2020 03:22 UTC