Economics

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

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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By Bloomberg News

June 30, 2022 at 1:37 AM UTC

Updated on

June 30, 2022 at 5:59 AM UTC

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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.