China’s service sector slows in latest economic warning sign

HONG KONG – Chinese economic activity remained weak in September, with the services sector slipping into contraction, offering further evidence of the damage Beijing’s Covid prevention measures and a growing real estate escalation are inflicting on the country’s economy. .

Activity in the services sector, which includes the retail, restaurant and transport industries, was hammered as authorities across China tightened Covid-19 restrictions ahead of a key political rally in October.


Wj

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