China's industrial growth accelerates in June
China's manufacturing sector activity expanded in June, with the Purchasing Managers' Index (PMI) rising to 50.3 points from 50 in May, surpassing expectations and confirming economic growth. The sub-indicator for new orders also increased to 51.2 points, while production rose to 51.4 points, supported by rising exports and growing demand for computer equipment amid the recovery in artificial intelligence.
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