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China’s Economy Shows Signs of Improvement as Covid Eases

  • Manufacturing PMI gains, although remains weaker than forecast
  • Non-manufacturing index surges to highest in more than a year
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WATCH: Dan Wang, chief economist at Hang Seng Bank, China, discusses the outlook for the economy, which showed further signs of improvement.Source: Bloomberg
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China’s economy showed further signs of improvement in June with a strong pickup in services and construction as Covid outbreaks and restrictions were gradually eased.