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China’s factory activity expanded at faster pace in June, but uncertainties remain

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China's factory activity expanded at a slightly faster pace in June as the economy continues to reopen from coronavirus shutdowns, but uncertainties remain amid lingering concerns over a coronavirus resurgence.

Manufacturing Purchasing Manager’s Index (PMI) for June comes in at 50.9, said the National Bureau of Statistics, beating expectation for a 50.4 in a Reuters poll and accelerating from 50.6 in the previous month.

PMI readings above 50 indicate expansion . . .

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