• China factory activity improves in June but exports weak

    16 days ago - By Chron

    BEIJING - China's manufacturing activity improved in June after anti-virus controls were eased to revive the economy but export demand was weak, a survey released Tuesday showed.
    A monthly purchasing managers' index released by the government statistics agency and an industry group rose to 50.9 from May's 50.6 on a 100-point scale on which numbers above 50 show activity expanding.
    China, where the coronavirus pandemic began in December, was the first economy to reopen in March after the ruling Communist Party declared victory over the disease. Manufacturing and other activity is reviving...
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