China's private manufacturing sector expanded for a seventh consecutive month in June, delivering its strongest quarterly performance since the end of 2020.
The latest Purchasing Managers' Index (PMI) data indicates that both production volumes and new orders continued to rise, underscoring sustained momentum in the world's largest manufacturing economy.
The reading stands in sharp contrast to recent global trends.
While Chinese factories are ramping up activity, private sector activity in the euro zone contracted for a third straight month in June, albeit at a moderating pace.
Similarly, India's private sector expansion decelerated to its weakest level in three months, driven by a broad-based softening in demand across manufacturing and services.
This divergence highlights the uneven nature of global growth.