China services recovery gathers speed

The country’s offline consumer service sectors saw a strong rebound in demand during the week-long Lunar New Year holiday in late January, said Fitch Ratings. — Reuters

BEIJING: China’s economic recovery is on the right track and the recovery of consumption of services has gotten off to a strong start, according to experts at foreign institutions.

The country’s offline consumer service sectors like tourism, movies and catering, which were severely hit by the Covid-19 pandemic, saw a strong rebound in demand during the week-long Lunar New Year holiday in late January, said Fitch Ratings.