431: Back into expansion territory, China service beat expectations
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02:13
China’s Caixin service industry purchasing managers’ index (PMI) in June beat expectation, rebounding into expansion territory and jumping to the highest level in nearly a year. Despite China’s economy going through severe tests amid Omicron outbreaks in the second quarter, the country continues to prioritize peoples’ lives and health and endeavors to strikes a balance between COVID-19 prevention measures and economic development. In this episode of #BizBeat, CGTN’s Guan Xin explains how China’s dynamic zero-covid strategy proved effective in saving lives and sustaining economic growth.
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