Reported 12 months ago
Surveys of Chinese factory managers in June showed a mixed outlook for China's economy, with steady growth but not gaining much momentum. The official PMI remained at 49.5, while a private-sector survey was more optimistic, indicating the fastest factory output expansion in two years. Despite positive sentiment, purchasing managers expressed low confidence due to intense competition and uncertain market conditions. The surveys did not provide clarity on the impact of measures to boost the property sector, such as lowering mortgage interest rates.
Source: YAHOO