Hong Kong CNN —
Factory activity among China’s private firms expanded at the fastest pace in three years, a private gauge showed Monday, suggesting healthier domestic and international demand for Chinese goods.
This contrasts with the results of an official government survey Sunday that showed a contraction among larger, state-owned manufacturers, underscoring that the recovery in the world’s second largest economy remains uneven.
The Caixin manufacturing Purchasing Managers’ Index (PMI) rose to 51.8 in June, up from 51.7 in May, according to a statement from S&P Global, which compiled the survey. The numbers not only beat
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