The latest data from the National Bureau of Statistics shows the Chinese mainland's manufacturing purchasing managers' index (PMI) climbed to 49.7 in June, up 0.2 points from May. This marks the second consecutive month of gains, hinting at a gradual stabilisation in the manufacturing sector.
Meanwhile, the non-manufacturing PMI — a gauge of services and construction activity — rose to 50.5, also up 0.2 points. In June, both supply and demand picked up pace:
- Production index: 51.0 in June, a 0.3-point rise from May.
- New orders index: 50.2, returning to growth territory after two months below 50.
Out of 21 surveyed industries, 11 reported expansion in June — four more than in May — underlining a broadening recovery across the economy. For young entrepreneurs, tech enthusiasts and global citizens alike, these shifts signal emerging opportunities as the manufacturing engine regains momentum.
With production picking up and new orders rebounding, the Chinese mainland's economic pulse is showing signs of life. Keep an eye on how these trends evolve and what they mean for global supply chains, startups and investors worldwide.
Reference(s):
cgtn.com
