AI Data Insight
The recently released Q2 business activity expectation index for China's non-manufacturing sector rose to 55.3, climbing steadily from the previous value of 54.8, indicating a month-on-month warming trend in non-manufacturing prosperity. Benefiting from the strong performance of the telecommunications, IT, and financial services sectors, as well as the accelerated implementation of major infrastructure projects, overall market demand and corporate optimism have been boosted.