China PMI slips into negative for first time in 5 months

Beijing

CHINA'S manufacturing sector shrank in June - with two major sets of manufacturing data underperforming on weak international and domestic demand as the trade war with the US enters its second year.

The Caixin Purchasing Manufacturers' Index fell to 49.4 in June from 50.2 in May, dropping into negative territory for the first time in five months, figures published yesterday showed.