Reported 12 months ago
China's official survey showed that manufacturing activity in June fell for the second consecutive month, while services activity dropped to a five-month low. The National Bureau of Statistics' purchasing managers' index remained at 49.5, indicating contraction. Analysts call for further stimulus to support the struggling economy, noting challenges in domestic and external demand that hinder a recovery in producer prices. The government is expected to implement more policy support measures to boost domestic consumption, despite limitations in monetary easing due to currency pressures and the need for fiscal stimulus.
Source: YAHOO