China Manufacturing PMI

The official manufacturing PMI rose to 50.3 in June, exceeding market expectations and signalling renewed growth in the sector

The LineShine system at the National Supercomputing Centre in Shenzhen, China, uses domestically designed chips and won the top spot on the TOP500

The RatingDog China General Services purchasing managers' index, compiled by S&P Global, rose to 52.6 in April from 52.1 in March, staying above the 50-mark that separates expansion from contraction

Sub-indexes of new orders and new export orders also saw declines, respectively down to 49.2 from 50.8 in December and 47.8 from 49.0 in December

Sensex Today | Stock Market close, Tuesday, July 1, 2025: In the broader markets, the Nifty Midcap100 settled flat, while Nifty Smallcap100 indices settled down by 0.10 per cent

Caixin/S&P Global manufacturing PMI rose to 50.4 in June from 48.3 in May, surpassing analysts' expectations

The official purchasing managers' index (PMI) rose to 49.7 in June from 49.5 in May, remaining below the 50-mark separating growth from contraction

The non-manufacturing PMI, which includes services and construction, accelerated to 50.8 from 50.4

As of October 2024, participating firms had produced $151.93 billion worth of goods under the scheme, or 37 per cent of the target that Delhi had set

China's $18 trillion economy hit the government's growth target of "around 5 per cent" over 2024 but in a lopsided fashion, with exports and industrial output far outpacing retail sales

The world's second-largest economy grew much slower than expected in the second quarter, with the consumer sector a particular cause for concern

The central bank has sounded warnings and introduced a flurry of measures, including plans to sell treasury bonds, to cool a long-running bond rally

Investors are a lot less dovish on the Fed, seeing little prospect of a move until September and even that is far from a done deal

As corporate capex picks up, it expects the Indian corporate sector to sustain 12 - 17 per cent earnings growth in the medium-term

Power production has been rebounding since China reopened from Covid-related restrictions more than a year ago

Citi last week raised its forecast for China's 2024 growth to 5.0 per cent from 4.6 per cent, citing recent positive data and policy delivery

China has set a target to increase gross domestic product by about 5% this year

A gauge of non-manufacturing activity rose to 51.4, versus an estimate of 50.7, helped by a pickup in travel and tourism during a recent long holiday

In spite of PLI incentives, India's gap with China, Vietnam is not fully bridged, leaving a gap of 4-5%. However, if tariffs are brought down, ICEA estimates that exports will go up to $50 bn by FY27

India has imposed anti-dumping duties on three Chinese products -- wheel loaders, gypsum tiles, and industrial laser machinery -- for five years to guard local manufacturers from cheap imports from the neighbouring country. These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The DGTR in separate probes have concluded that these products have been exported at a price below normal value in Indian markets, which has resulted in dumping. The domestic industry has suffered material injury due to the dumping of these products. According to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC) issued last month, the duties have been imposed on gypsum board/tiles with lamination at least on one side. Such duties have also been imposed on industrial laser machines, in fully assembled, Semi Knocked Down (SKD) or Completely Knocked Down (CKD) form, used for cutting, marking,