China says its factory activity expanded in June but headwinds remain
A worker welding truck parts at a factory in Weihai, China, October 18, 2018.
STR | AFP | Getty Images
China on Tuesday said manufacturing activity expanded in June with the official Purchasing Manager’s Index coming in at 50.9.
Economists polled by Reutershad expected the official manufacturing PMI number to come in at 50.4. PMI readings above 50 indicate expansion, while those below…