In June this year, the China Caixin Manufacturing Purchasing Managers Index (PMI) indicated a final reading of 51.0, down 0.1 percentage point compared to the final reading for May, as announced by Beijing-based Caixin media group.
Zhong Zhengsheng, chief economist with China Economic and Business Monitor (CEBM), part of Caixin Insight Group, pointed out that, while the Caixin China manufacturing PMI is still above 50.0, there are pressures from rising commodity prices, deteriorating exports, the worsening employment situation and tight liquidity.
Meanwhile, as announced by China's National Bureau of Statistics (NBS), the purchasing managers' index (PMI) for China’s manufacturing sector was at 51.5 percent in June, down 0.4 percentage points compared to the previous month.