Coronavirus: China’s services industry continued to struggle in April despite lockdown lift

China’s services industry continued to struggle in April, despite the country slowly beginning to return to normal after the social and economic disruptions caused by the coronavirus outbreak, a survey released on Thursday showed.The Caixin/Markit services purchasing managers’ index (PMI), which focuses on smaller, private firms, rose slightly to 44.4 last month, up from 43.0 in March, suggesting that the sector remained in contraction and that China’s economic recovery will be slow.It was much…

from South China Morning Post https://bit.ly/2A9AAvP