News Snapshot:
China's non-manufacturing activities continued to recover in July amid government efforts to spur consumption, official data showed Sunday. The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 53.8 in July, down 0.9 percentage points from June, the National Bureau of Statistics (NBS) said. Boosted by the pro-growth policies, the service sector continued to recover in July, noted NBS senior statistician Zhao Qinghe. The sub-index for business activities in the sector was 52.8, staying in the expansion range. Among the 21 sectors surveyed, 16 industries were in the expansion territory, with the sub-indexes of air transportation, accommodation and...
