Media have reported accelerating business activity index in the service sector of China

© RIA Novosti / Alexander Demyanchuka in photobacteria yuan. Archival photoMedia have reported accelerating business activity index in the service sector of China© RIA Novosti / Alexander Demyanchuka the image Bank

The purchasing managers ‘ index (PMI) in the manufacturing sector of China’s economy in September rose by an independent survey by business magazine Caixin to 53.1 points versus 51.1 points in August, when the index fell to the lowest level in ten months.

The official ISM non-manufacturing PMI, published earlier, the state statistical office, accelerated in September to 54.9 per item vs 54.2 in August.

The Chinese government supported services to offset the decline in traditional sector such as heavy industry. By the end of 2017, the share of services amounted to 51.6% of GDP of the country.

A reading above 50 indicating growth activity below — its decline.

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