China’s services activity falls at second sharpest rate on record – Caixin PMI

People dine at a hotpot restaurant in Beijing, China April 8, 2022. Picture taken April 8, 2022. REUTERS/Tingshu Wang/Files

BEIJING, May 5 (Reuters) – China’s services sector activity contracted at the second-steepest rate on record in April, as tighter COVID curbs halted the industry, leading to sharper reductions in new business and employment, a private-sector survey showed on Thursday.

Reporting by Stella Qiu and Ryan Woo; Editing by Sam Holmes

Source: Reuters.