China’s manufacturing activity expanded fastest in 13 months in June, shows private survey

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China's manufacturing activity expanded at the fastest pace in 13 months in June, following the lifting of COVID lockdowns and resumption of business activities, a private survey showed on Friday.

The Caixin/Markit manufacturing purchasing managers' index (PMI) rose to 51.7 in June, improving from 48.1 in the previous month, indicating the first expansion in four months.

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