The Caixin PMI has shown improvement for six consecutive months, with the index reaching 51.8 in June, marking the fastest expansion in three years. This growth has been driven by healthier domestic and international demand for Chinese goods.
The Caixin PMI value rose to 51.8 in June, up from 51.7 in May, marking the fastest pace since May 2021 and surpassing analysts' forecasts of 51.2. This indicates an expansion in China's private manufacturing sector for the eighth consecutive month3.
The EU's provisional tariffs on imported Chinese electric vehicles will be applied by July 4. The investigation into China's alleged unfair subsidies will continue, with definitive duties potentially being imposed on November 2 at the end of the probe2.