China’s services sector grows at fastest pace in over a decade in June – Caixin PMI – ZAWYA

China’s services sector grows at fastest pace in over a decade in June – Caixin PMI – ZAWYA

China's services sector grows at fastest pace in over a decade in June - Caixin PMI | ZAWYA MENA Edition HomeBusinessArticleChina's services sector grows at fastest pace in over a decade in June - Caixin PMI The services sector accounts for about 60% of the economy    The skyline of the Beijing's Central Business District rises behind people crossing a street during evening rush hour as the spread of coronavirus disease (COVID-19) continues in China, April 15, 2020. Image used for illustrative purpose.BEIJING - China's services sector expanded at the fastest pace in over a decade in June as the easing of coronavirus-related lockdown measures revived consumer demand, a private survey showed on Friday, though companies continued to shed jobs.The Caixin/Markit services Purchasing Managers' Index (PMI) rose to 58.4, the highest reading since April 2010, from May's 55.0, pulling further away from the trough hit in February as the coronavirus lockdown paralysed the economy.The 50-mark separates growth from contraction on a monthly basis.The Caixin/Markit services Purchasing Managers' Index (PMI) rose to 58.4, the highest reading since April 2010, from May's 55.0, pulling further away from the trough hit in February as the coronavirus lockdown paralysed the economy.BEIJING - China's services