China's Large and Medium-Sized Manufacturing Sectors Expand in June; Medium PMI Rises to 50.5%

According to the National Bureau of Statistics, China's manufacturing PMI for large and medium-sized enterprises both exceeded the 50% threshold in June. Large-sized enterprises maintained an expansion with PMI at 50.7%, while medium-sized firms' PMI reached 50.5%, up 1.9 percentage points from May, indicating a notable recovery in business sentiment. Small-sized enterprises' PMI declined to 48.2%, falling below the expansion-contraction line.
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