Reported about 12 hours ago
A recent Reuters poll indicates that China's factory activity is projected to decline for the third consecutive month in June amid ongoing trade tensions with the U.S. The official purchasing managers' index (PMI) is expected to register at 49.7, slightly up from May but still below the growth threshold of 50. Weak domestic demand and a struggling property market contribute to this situation, prompting manufacturers to hesitate in addressing their inventories. Despite efforts to reform the economy from a manufacturing base to consumer-driven growth, analysts warn that significant changes may take years and could strain short-term economic performance.
Source: YAHOO