QtrendsChina factory activity beats expectations in June
China's manufacturing Purchasing Managers' Index (PMI) rebounded to 50.3 in June, surpassing expectations and indicating expansion in factory activity. The growth was fueled by strong demand for Chinese tech exports, with export orders contributing significantly to the uptick. The data signals resilience in the world's second-largest economy despite ongoing global economic headwinds.
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A look at China's economic data in May
(China Daily)
China's manufacturing PMI rebounds to 50.3 in June
(China Daily)
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