In June this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 50.4, increasing from the Caixin PMI final reading of 49.6 for May, as announced by Beijing-based Caixin media group.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 51.7 percent in June, up 0.5 percentage points compared to the previous month.
Zhong Zhengsheng, chief economist with the China Economic and Business Monitor (CEBM), part of Caixin Insight Group, stated that the Caixin PMI June reading seemed more like a rebound, with an economic downtrend to be confirmed later.