Tay: Mideast War Pushed China to Diversify Energy Usage

🇨🇳 Bloomberg (CN) —

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China's factory activity grew stronger than expected in June, with the manufacturing PMI rising to 50.3 and expansion in construction and services sectors. This growth is partly attributed to the country's efforts to diversify energy usage amid Middle East regional tensions.

China’s factory activity improved more than forecast in June amid booming exports. The official manufacturing purchasing managers' index climbed to 50.3 and the measure of activity in construction and services rose slightly to 50.2. Erica Tay, Macro Research Director at Maybank spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East and Africa on the growth in China. (Source: Bloomberg)

World Markets Energy China factory activity manufacturing PMI energy diversification Middle East exports construction

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