HSBC China's manufacturing PMI dropped to 48.1 in June

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Source: Marketwatch
China's manufacturing activity contracted again in June as new export orders and overall output both posted losses. The results of the survey conducted by HSBC indicated that China's PMI shank to 48.1 in June as compared to 48.4 in the preceding month. China's analysts claim that essential decline in prices and stagnation of new orders both suggest that domestic demand is weak and more stimulus is needed to boost the economy.


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