A worker polishes machinery at a workshop in Hangzhou, in Zhejiang Province, China, on June 6, 2025. STR/AFP via Getty Images
Activity at China’s factories remained in contraction for the third consecutive month in June, an official survey showed on June 30, adding to questions about the economy’s outlook under additional U.S. tariffs.
The official manufacturing purchasing managers’ index (PMI), which gauges sentiment among factory owners, increased marginally, coming in at 49.7, compared to May’s reading of 49.5, according to data released by the National Bureau of Statistics of China (NBS).
