China's service sector sustains recovery amid COVID-19 resurgence
China's service sector, a key driver of its economic growth, has sustained recovery momentum in July despite a resurgence of sporadic COVID-19 cases and a weak property market. The services production index grew 0.6 percent year on year last month, data from the National Bureau of Statistics (NBS) showed. In the first seven months, the index dropped by 0.3 percent year on year, narrowing 0.1 percentage points from that of the first six months.
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