BEIJING : China's manufacturing activity contracted for a third straight month in June, albeit at a slower pace, an official factory survey showed on Friday, as pressure builds for policymakers to release more stimulus to shore up weak demand.The official purchasing managers' index (PMI) was at 49.0 from
BEIJING : China's manufacturing activity contracted for a third straight month in June, albeit at a slower pace, an official factory survey showed on Friday, as pressure builds for policymakers to release more stimulus to shore up weak demand.
Analysts have begun downgrading economic forecasts for China's economy for the rest of the year, after May industrial output and retail sales data missed expectations, a sign the post-pandemic recovery seen in the first quarter was losing steam. The government has set a modest GDP growth target of about 5 per cent for this year after badly missing its 2022 goal.Addressing a World Economic Forum summit in Tianjin on Tuesday, China's Premier Li Qiang reiterated that Beijing will take steps to boost demand, but stopped short of unveiling any concrete policies.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's factory activity seen contracting for third month in June: Reuters pollBEIJING : China's factory activity likely contracted for a third straight month in June, albeit at a marginally slower pace, a Reuters poll showed on Thursday, underscoring the need for further policy stimulus to counter weak demand at home and abroad. The official purchasing managers' index (PMI) is expe
Read more »
Beijing rebukes US presidential hopeful Nikki Haley over China proposalHaley plans to scale back links with China. Read more at straitstimes.com.
Read more »
US asks Asean claimants to resolve own South China Sea issues before taking on ChinaThis is so that they could strengthen their “collective voice” in negotiations with China. Read more at straitstimes.com.
Read more »
Morning Digest, June 28 - Singapore NewsHere are the top stories you might've missed...
Read more »
Hong Kong exiles in UK say 'living in fear' of BeijingTwo years after artists Lumli and Lumlong fled Hong Kong in 2021, the couple still feel threatened by the long arm of Beijing, like many other Hong Kongers exiled in the United Kingdom (UK).
Read more »
At least S$20,000 lost to fake Singtel SMS phishing scams since June: PoliceSINGAPORE: At least S$20,000 (US$14,000) has been lost by victims of a phishing scam variant since June this year, said the Singapore Police Force (SPF) on Wednesday (Jun 28). There have been at least 12 victims of this phishing scam variant, which involve
Read more »