China factory activity expands for first time in four months as Covid-19 curbs ease

BEIJING (REUTERS) – China’s factory and service sectors snapped three months of activity decline in June, business surveys showed on Thursday (June 30), as authorities lifted a strict Covid-19 lockdown in Shanghai, reviving output and consumer spending. The official manufacturing purchasing managers’ index (PMI) rose to 50.2 in June from 49.6 in May, the National Bureau […]