Overview

• China's manufacturing PMI remained at 49.5 in June, indicating contraction for the second month.
• The non-manufacturing PMI dropped to 50.5 from 51.1 in May, still showing slight expansion.
• The new manufacturing export order subindex stayed at 48.3, reflecting ongoing export challenges.
• The upcoming third plenum is expected to address major economic strategies for the next decade.
• These indicators highlight persistent economic challenges in the world's second-largest economy.