A coal terminal at Lianyungang port, east China's Jiangsu province. China's manufacturing activity expands in June for the first time this year as the effects of Beijing's mini-stimulus on the world's second-largest economy gradually kick in, according to HSBC. - AFP
BEIJING: China’s manufacturing activity expanded this month for the first time this year as the effects of Beijing’s mini-stimulus on the world’s second-largest economy gradually kick in, HSBC said.
The bank said in a statement yesterday that its preliminary purchasing managers index (PMI), which tracks activity in China’s factories and workshops, came in at 50.8 this month, the highest since November’s identical figure.
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