China’s economy showed signs of accelerating recovery in June, according to data released by the National Bureau of Statistics on June 30. For example, the official manufacturing PMI came in at 50.9 per cent in June, up 0.3 percentage points; The production index rose to 53.9%; The new orders index rebounded to 51.4%, and the new export orders index surged 7.3 percentage points to 42.6%, showing significant improvement in both domestic and foreign demand. In the downstream steel industry, fixed asset investment in the production and supply sectors such as power, transportation, gas, heat and water was positive year on year and accelerated.
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Post time: Aug-11-2020