China’s manufacturing sector showed signs of improvement in June for the second straight month, helped by a pause in U.S.-China trade tensions, though overall output remained in contraction below the 50 threshold that signals expansion.
Data is here:
Zhao Qinghe of the National Bureau of Statistics:
- production activity had accelerated
- market demand improved
- domestic consumption remains weak
The data marks the first full month since the U.S. and China agreed to a 90-day trade truce. While overseas demand continues to support growth — accounting for nearly 40% of first-quarter GDP — China’s reliance on exports underscores its vulnerability to shifting global trade dynamics.
This article was written by Eamonn Sheridan at www.forexlive.com.
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