FILE PHOTO: A waiter prepares a desk for service at Haidilao’s new synthetic intelligence hotpot restaurant in Beijing, China, November 14, 2018. REUTERS/Jason Lee
BEIJING (Reuters) – Development in China’s providers sector exercise picked up for the primary time in 5 months in August, official information confirmed on Saturday, cushioning among the financial impression from intensifying U.S. commerce strain.
The official non-manufacturing Buying Managers’ Index (PMI) rose to 53.eight from 53.7 in July. It stayed nicely above the 50-point mark that separates development from contraction.
The providers sector accounts for over half of China’s economic system,…