Unequal recovery of manufacturing industry in China

China Market Insider Mixed Signals from the Executive Floors of Chinese Manufacturing

2024-07-12 A guest post by Henrik Bork | Translated by AI 2 min Reading Time

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The recovery of the manufacturing industry in China continues to be uneven and precarious.

Chinese providers are expanding and could soon be at the forefront of the European wind turbine industry.(Image: © Eisenhans - stock.adobe.com) — Chinese providers are expanding and could soon be at the forefront of the European wind turbine industry.
(Image: © Eisenhans - stock.adobe.com)

The official Purchasing Managers' Index (PMI) for manufacturing in China was 49.5 in June, the same as the previous month. A figure below 50 is considered an early economic indicator predicting contraction.

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