China’s economic recovery still shaky, factory output contracts for second straight month

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Contraction in the manufacturing sector is a worrying sign for the world’s second-largest economy, which has struggled to regain momentum since late 2022, when Beijing scrapped tough pandemic policies that had weighed heavily on growth read more Factory activity in China shrank for a second straight month in June, data showed Sunday, underscoring the country’s shaky economic recovery ahead of a key political gathering expected to focus on deepening reform. The manufacturing purchasing managers’ index (PMI) – a key measure of factory output – registered at 49.5 in June, identical to May’s figure, according to the National Bureau of Statistics...