China's manufacturing sector beats expectations in June

Analysts warn that despite the strong recovery between March and mid-June, a full economic recovery is distant

Published Wed, Jul 1, 2020 · 09:50 PM

    Beijing

    CHINA'S manufacturing sector rebounded in June led by better-thanexpected domestic demand, two surveys showed, though challenges remain with the coronavirus still spreading worldwide.

    The two manufacturing Purchasing Managers' Indexes (PMI) published on Monday and Tuesday point both to a strong recovery in factory production and to sustained weaknesses in the economy as the Covid-19 pandemic continues to affect export-dependent industries.