China's Feb service sector activity growth accelerates- official PMI

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BEIJING, March 1(Reuters) - Activity in China's services sector grew at a faster pace in February, official data showed on Tuesday.

The official non-manufacturing Purchasing Managers' Index (PMI) was at 51.6 in February versus January's 51.1, data from the National Bureau of Statistics (NBS) showed. The 50-point mark separates growth from contraction on a monthly basis.

While the world's second-largest economy rebounded last year from 2020's pandemic-induced slump, the services sector has lagged the recovery as China's tough zero-COVID approach has weighed on consumer spending.

China's official composite PMI, which includes both manufacturing and services activity, stood at 51.2, compared with 50.1 in January.

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Reporting by Stella Qiu and Ryan Woo; Editing by Christian Schmollinger

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