Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's service sector posts strong recovery in May

June 15, 2023


Abstract : China's service sector witnessed a robust recovery momentum in May, as economic activities are normalizing, an official said on Thursday.

Residents dine out in a restaurant in the Nanqiang Street of Kunming, southwest China's Yunnan Province, Jan. 11, 2023. (Xinhua/Chen Xinbo)

BEIJING, June 15 (Xinhua) -- China's service sector witnessed a robust recovery momentum in May, as economic activities are normalizing, an official said on Thursday.

The index gauging the country's service industry output rose 11.7 percent year on year in May, said Fu Linghui, spokesperson of the National Bureau of Statistics.

Contact-based service sector witnessed fast recovery, with the sub-index for accommodation and catering surging by 39.5 percent year on year, said Fu.

The sub-index tracking the output of the leasing and business services climbed 14 percent year on year, while that for information transmission, software, and IT services expanded 12.9 percent.

In the first five months, the index increased by 9.1 percent year on year, and the growth rate was 0.7 percentage points higher form that in the January-April period.  

Scan the QR code and push it to your mobile phone

Keyword: service sector strong recovery

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial