Xinhua
30 Jun 2025, 14:48 GMT+10
BEIJING, June 30 (Xinhua) -- China's manufacturing sector gained momentum this month, with more industries returning to growth and high-tech and consumer goods production remaining robust, official data showed Monday.
The purchasing managers' index (PMI) for China's manufacturing sector rose for the second straight month in June to 49.7, the National Bureau of Statistics (NBS) said in a statement. The reading was 49.5 in May and 49 in April.
Of 21 surveyed industries, 11 logged expansion this month, up from 7 in May. The PMIs for the manufacturing of equipment, high-tech products and consumer goods have stayed in the expansion zone for two consecutive months, standing at 51.4, 50.9, and 50.4, respectively.
A PMI reading above 50 indicates expansion, while a reading below 50 signals contraction.
Monday's data also showed that the non-manufacturing PMI came in at 50.5 in June, up 0.2 percentage points from the previous month, and the general PMI climbed from 50.4 to 50.7.
Specifically, the construction sector gained momentum, while the service sector continued its upward trend, with postal services, information technology and financial services maintaining relatively high levels of activity.
With all three major indices on the rise, the overall economic climate continued to improve, NBS statistician Zhao Qinghe said.
China has intensified its policy support to bolster the economy amid external uncertainties, effectively driving industrial growth. In May, the value-added output of major industrial enterprises rose by 6.2 percent year on year, underscoring the sector's strong resilience and growth potential.
In particular, the national policies promoting industrial equipment upgrades and consumer goods trade-ins have injected vitality into consumer demand and stimulated production, NBS spokesperson Fu Linghui has said.
Meanwhile, China's efforts in industrial transition have also gained traction, with a steady push toward high-end, intelligent and green production.
High-tech manufacturing -- a key pillar of the industrial transformation -- saw its value-added output jump 8.6 percent year on year in May. The output of new energy vehicles and solar cells surged by 31.7 percent and 27.8 percent, respectively, continuing their rapid growth trajectory.
Despite the positive trend, analysts cautioned that challenges persist as global economic uncertainties and low prices continue to weigh on industrial recovery.
Fu emphasized the need to fully implement policies supporting industrial development, expand domestic demand, and cultivate new quality productive forces.
Further efforts will be made to optimize the industrial structure by transforming and upgrading traditional sectors, in a bid to ensure the sustained and healthy development of the economy, he noted.
China's economy grew by 5.4 percent year on year in the first quarter of 2025, up from the 5 percent full-year growth rate recorded in 2024.
Get a daily dose of Professional Autos news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.
More InformationVancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SMPL New Delhi [India], July 1: At Aditya School of Business Management (ASBM), education doesn't end at the classroom door--it begins...
Patna (Bihar) [India], July 1 (ANI): Bihar Chief Minister Nitish Kumar on Tuesday announced that the state cabinet has approved a comprehensive...
(250701) -- NANJING, July 1, 2025 (Xinhua) -- Workers are seen at the construction site of a cable-stayed bridge across the Yinjiang...
Bhopal (Madhya Pradesh) [India], July 1 (ANI): Madhya Pradesh Public Health Engineering (PHE) has said that the complaint against state...
The Tamal is the eighth Krivak-class vessel to be delivered to the South Asian country in the past two decades Russia has delivered...
New Delhi [India], July 1 (ANI): Rating agency Crisil has revised India's gross domestic product (GDP) growth to 6.5 per cent for the...