I'll have more to come on this separately ... ADDED: China factory PMI beats forecast at 50.3 as AI-linked exports drive expansion
China Manufacturing PMI 50.3
Non-Manufacturing 50.2
Composite 50.6
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China's official manufacturing PMI rose to 50.3 in June from 50.0, beating forecasts, driven by AI-linked high-tech exports, even as property, retail and broader trade demand remained weak.
PBOC sets USD/ CNY central rate at 6.8109 (vs. estimate at 6.7877) PBOC CNY reference rate setting for the trading session ahead.
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