China manufacturing shrinks in June despite trade war respite ...Middle East

The Purchasing Managers’ Index -- a key measure of industrial output -- came in at 49.7, according to the National Bureau of Statistics (NBS).

However, it fell below the 50-point mark that separates growth and contraction for the third straight month.

“Manufacturing production activity accelerated, and market demand improved,“ Zhao said.

It has also been hit by a fusillade of import tariffs unleashed by US President Donald Trump since the start of the year.

However, Beijing and Washington called a truce on the staggeringly high duties in May, and Trump said on Sunday that the United States was “getting along well with China”.

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