431: Back into expansion territory, China service beat expectations

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.