Biz China Weekly: PMI, Hainan duty-free shopping, SOE profits, e-commerce


Source: bignewsnetwork.com

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BEIJING, July 4 (Xinhua) -- The following are the highlights of China's business news from the past week: -- PMI The purchasing managers' index (PMI) for China's manufacturing sector ticked up to 50.9 in June from 50.6 in May, the National Bureau of Statistics said Tuesday. Meawhile, China's non-manufacturing PMI came in at 54.4 in June, up from 53.6 in May. A reading above 50 indicates expansion, while a reading below reflects contraction. -- HAINAN DUTY-FREE SHOPPING China's Hainan Province will increase its annual tax-free shopping quota for travelers, according to the Ministry of Finance. With effect from Wednesday, the...