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China manufacturing PMI hit six-month high as demand picks up, employment weakens further – private survey


Factory activity in China expanded at the fastest pace in six months in June as domestic demand recovers, adding to signs that the country's economy is recovering from coronavirus shutdowns.

The Caixin China General Manufacturing Purchasing Managers’ Index (PMI) increased to 51.2 last month from 50.7 in May, the highest since December. A reading above 50 represents an expansion in activity, while a reading below the mark indicates a contraction.

Official . . .

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