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China’s June factory activity unexpectedly expands, private survey shows

  • The Caixin Manufacturing PMI in China rose to 50.4 in June 2025, signaling an unexpected return to factory growth after contraction in May.
  • This expansion followed efforts to boost domestic production and new orders despite ongoing softness in export demand and shrinking employment.
  • The private Caixin survey contrasted with the official PMI, which showed factory activity contracting for the third straight month at 49.7 in June.
  • Economist Wang Zhe observed that in eight out of the past nine months, the manufacturing sector experienced expansion, reflecting a gradual improvement in market conditions, although export difficulties persist.
  • The data suggests gradual recovery supported by stimulus policies, while new export orders staying negative imply export difficulties may persist longer term.
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U.S. News broke the news in New York, United States on Monday, June 30, 2025.
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