By Laura He, CNNA key index measuring the strength of China’s massive services sector jumped to its highest level in more than a decade, as the country’s economic recovery gained traction. The index measures business activity in the services and construction industries. “The official PMIs suggest that China’s rapid reopening recovery remained robust this month,” Capital Economics analysts wrote on Friday. In a keynote speech, the newly minted premier told more than a thousand international business and political leaders that China’s economic growth was “strong,” with March’s performance even better than January and February’s. Top economic officials have also been trying to reassure both foreign business and the domestic private sector.
Source: CNN March 31, 2023 03:19 UTC