China's manufacturing activity picks up, says PMI data

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China's manufacturing activity picks up, says PMI data

An employee is working on the production line of an engineering equipment manufacturer in Yantai, Shandong province. The purchasing managers' index PMI for China's manufacturing sector came in at 50.2 in June, up from 49.6 in May, according to data from the National Bureau of Statistics NBS on Thursday.

A reading above 50 indicates expansion, while a reading below 50 indicates contraction.

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As the epidemic prevention and control situation in China continues to improve and policies and measures to stabilize the economy take effect at a faster rate, China's overall economic recovery is picking up, said NBS senior statistician Zhao Qinghe.

The sub-index for production stood at 52.8 in June, up 3.1 percentage points from the previous month, and the sub-index for new orders stood at 50.4, up 2.2 percentage points from May.

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The PMI for China's non-manufacturing sector came in at 54.7 in June, up from 47.8 in May.

The economic recovery in China has picked up speed as the epidemic prevents and control situation in China continues to improve, and policies and measures to stabilize the economy are taking effect, said Zhao.

The service sector's sub-index stood at 54.3 in June, up from 47.1 in May, according to NBS data.