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πŸ‡¨πŸ‡³ China's factory PMI notches its longest expansion streak in two years, but the jobs line still won't move

πŸ‡¨πŸ‡³ China's factory PMI notches its longest expansion streak in two years, but the jobs line still won't move

China's official manufacturing PMI rose to 50.3 in June, its longest stretch above 50 in roughly two years, but the factory employment sub-index stayed in contraction at 48.4, even as equipment and high-tech export segments drove the gain.

Wide interior view of a large automated factory with multiple robotic arms, conveyor systems, and production machinery.
China's manufacturing PMI rose to 50.3 in June, the third consecutive month above the expansion threshold, according to National Bureau of Statistics data. Source

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