China's non-manufacturing sector continued to register expansion in business activities, according to the data released by the National Bureau of Statistics (NBS) on Saturday.
The data showed that the purchasing managers' index (PMI) for China's non-manufacturing sector came in at 50.3 in May, down 0.1 percentage points from the previous month, but still maintained the expansion momentum for the fifth consecutive month.
The PMI is an index that shows the overall trends of the manufacturing sector and the non-manufacturing sector. A reading above 50 percent means expansion in business activities, while below 50 percent means contraction.
Specifically, the sub-index for the business activities in the service industry in May was 50.2 percent, 0.1 percentage points from the previous month.
Driven by the Labor Day holiday, tourism and dining consumption was quite active in May, while the business activity indices of industries, such as railway transport, air transport, accommodation and catering significantly rebounded within the expansion range, with a remarkable increase in market activity.
"The business activity indices of industries such as postal services, telecommunications, broadcasting, television, and satellite transmission services, and Internet software and information technology services remain in a prosperous range above 55 percent, and the total business volume maintains a fast growth," said Huo Lihui, director of the enterprise prosperity division of the NBS Service Industry Survey Center.
The construction industry continued to expand in May, with the business activity index of the civil engineering construction industry reaching 62.3 percent, up 1.4 percentage points from the previous month, marking a rebound for two consecutive months and indicating that the construction of engineering projects in various regions continues to accelerate.
"In terms of civil engineering construction, the construction of some major projects in the infrastructure sector, or the whole sector, is further accelerating. It plays a more and more evident role in driving future economic growth," said Cai Jin, president of the China Federation of Logistics and Purchasing.
China's non-manufacturing sector continues to expand in May
China's non-manufacturing sector continues to expand in May
China's non-manufacturing sector continues to expand in May
China's non-manufacturing sector continues to expand in May
