China's factory activity returns to expansion at 50.4, new orders surge amid better trade

6 days ago 1
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Igor Kutyaev

The Caixin China General Manufacturing PMI unexpectedly rose to 50.4 in June 2025, up from 48.3 in May—which had marked the steepest contraction since September 2022—and beating market forecasts of 49, supported by Beijing’s efforts to stabilize growth amid higher US tariffs.

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