Non-Manufacturing Industries: Managers Index and Liu Xuezhi

non-manufacturing industries: Some sectors, especially in non-manufacturing industries, have shown evident signs of improvement judging by recent economic statistics, Liu Xuezhi, an economist at Bank of Communications, told the Global Times on Monday, according to Global Times China. The Caixin Services Purchasing Managers' Index, released on Monday, surged to a 15-month high of 54.5 in April, up from 54.4 in March. In general, China's economy is healthy and functioning steadily. Other statistics also point toward stability. The Engel's Coefficient, which measures the proportion of income spent on food, also hit a record low of 28.4 percent in 2018 in China. For example, GDP rose 6.4 percent year-on-year in the first quarter, exceeding market expectations. (news.financializer.com). As reported in the news.