China’s service sector picks up pace in July

BEIJING, Aug. 15 (Xinhua) — China’s service sector registered faster recovery last month as warming domestic demand drove up activity in industries from transportation to culture and sports, official data showed Thursday.
The service production index went up 4.8 percent year on year in July, quickening by 0.1 percentage points from the previous month, the National Bureau of Statistics said.
In breakdown, the sub-index on information transmission, software and IT services reported the most robust growth of 12.6 percent, followed by 9 percent for leasing and business services and 5.3 percent for transportation, warehousing and postal services. The financial sector saw its index up 5.1 percent.
Data also showed multiple industries were at a high level of prosperity, including railway and air transportation, postal services, and telecommunication, broadcasting and satellite transmission services, as well as culture, sports and entertainment. ■