Chinese factories resume growth via AI
China experienced an improvement in factory activity in June, with the Purchasing Managers' Index (PMI) rising to 50.3 points from 50.0 in May. There was increased demand for exports, particularly in the technology and artificial intelligence sectors, driven by a surge in orders from American companies ahead of new tariffs. However, domestic demand remains weak, economic growth levels are limited, and the real estate market continues to be sluggish along with declining consumer spending.
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