China's Manufacturing Sector Contracts While Services Slow in June

Official data shows manufacturing PMI at 49.5, unchanged from May, and non-manufacturing PMI falling to 50.5.

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.