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NBS: China’s Jun manufacturing PMI recovers to 50.9

China’s Purchasing Managers’ Index (PMI) for its manufacturing industry reversed up 0.3 basis point on month to 50.9 in June with major elements such as new orders and production posting gains on month, according to the release from the country’s National Bureau of Statistics (NBS) on June 30.
A total of 14 out ofthe 21 industrial sectors under the monitoring posted their PMIsabove the 50 threshold in June, better than only nine sectors in May, Zhao Qinghe, NBS’senior statistician was quoted highlighting the positive progress this month. “China was progressing with eliminating the adverse impact of COVID-19 and further

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