China's services production index rose 4.4% YoY in May, accelerating 0.1ppt from
April, the National Bureau of Statistics said. By subsector, information
transmission, software and IT services rose 11.3% YoY; leasing and business
services +10.9%; finance +7.0%; transportation, warehouse using and postal services
+4.8%. The services production index was up 4.8% YoY in Jan–May. Revenue of
above-designated-size service enterprises rose 6.4% YoY in Jan–Apr. The service
business activity index stood at 50.3 in May and the activity expectations index
at 55.4; railway transport, telecom/broadcast/satellite transmission and
insurance reported business activity indices above 55.