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OBOR - Service Sector Drives Chinese Economic Growth At Start Of Second Quarter
KraneShares MSCI One Belt One Road Index
The Caixin PMI surveys showed the Chinese economy retaining solid business activity growth at the start of the second quarter, supported by another strong expansion in the service sector. Growth in the coming months is likely to be sustained at this steady pace according to forward-looking indicators, in part as policy stimulus continues to work its way through the economy.
Services-led growth
The survey's composite output index dipped from 52.9 in March to 52.7 in April but nonetheless remained well above recent lows to indicate one of the strongest growth rates of business activity recorded