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01:24
China: High-end manufacturing, major enterprises boost China's manufacturing PMI in June
Storyline: China's manufacturing purchasing managers' index (PMI) has seen a wide-ranging recovery in June, boosted by favorable performance of high-end manufacturing and equipment manufacturing, and steady expansion of large-scale enterprises, according to competent government authorities on Monday. China's National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) jointly announced that China's manufacturing sector PMI came in at 49.7 in June, up 0.2 percentage point from May. For specific sectors, the PMI for equipment manufacturing reached 51.4 percent, up 0.2 percentage point from last month. Both its production index and new orders index remained above 53 percent. The PMI for high-tech manufacturing stood at 50.9 percent, holding steady from the previous month, with its production and new orders indices hovering around 52 percent. Overall, supply and demand in new growth-driving sectors continued a healthy momentum. Stimulated by a series of consumption-boosting policies, consumer goods manufacturing has also posted steady increase so far in June. Data show that the consumer goods PMI in June was 50.4 percent, with a month-on-month increase of 0.2 percentage point. Operation of the basic raw materials sector has seen a faster increase at 0.8 percent, ending three months of decline. Computed by the size of enterprises, large enterprises continued to expand, with accelerating momentum. Their PMI in June has reached 51.2 percent, up 0.5 percentage point from the previous month. Meanwhile, the PMI for medium-sized enterprises has risen by 1.1 percentage points from the previous month, ending two months of decline. Their new orders index has surged more than 4 percentage points month on month, indicating a clear rebound in demand among medium-sized firms. According to official standards, large-sized enterprise refers to enterprises each with over 1,000 employees and 400 million yuan (about 55.8 million U.S. dollars) in annual revenue, while for medium-sized enterprises, the standard stands at 300 employees and 20 million yuan (about 2.8 million U.S. dollars) in annual revenue each. Shotlist: FILE: China - Date Unknown: 1. Various of machines, robot arms working Beijing, China - June 30, 2025: 2. SOUNDBITE (Chinese) He Hui, vice president, China Federation of Logistics and Purchasing (ending with with shot 3): "New growth drivers have continued to maintain relatively rapid growth. Equipment manufacturing and special high-end manufacturing, especially sectors related to digitalization and information technology, have all seen strong growth momentum." FILE: China - Date Unknown: 3. Various of machines, robot arms working, coils in production 4. Various of high-end manufacturing, automated production lines Beijing, China - June 30, 2025: 5. SOUNDBITE (Chinese) Huo Lihui, director, business climate survey division, Service Survey Center, National Bureau of Statistics: "This month, the PMI for large-sized enterprises has continued to rise in the expansion range, showing that large-sized enterprises are still providing relatively significant support to the manufacturing sector overall." FILE: China - Date Unknown: 6. Various of machines, robot arms working, interior of factory 7. Aerial shots of factories, industrial parks. [Restrictions : No access Chinese mainland]
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