The announcement comes a day after China's President Xi Jinping and his USA counterpart Donald Trump met on the sidelines of the G20 summit on Saturday, agreeing to restart trade talks that were abruptly halted in May. Analysts polled by Reuters had predicted a reading of 49.5.
They will also spark concerns about stalling growth in China and the risk of a global recession, despite slightly better-than-expected export and industrial profits data in May.
Last month, China's factory output growth slowed, with the sub-index falling to 51.3 from 51.7 in May, while the contraction in total new orders accelerated to 49.6 from 49.8.
Analysts say it is too early to tell whether Trump's decision to allow US firms to buy from Huawei Technologies, after blacklisting the company six weeks ago, will ease trade tensions, CNN reported.
Tensions between the world's two biggest economies escalated sharply in May, when talks to reach a broad deal collapsed as Washington accused Beijing of reneging promises on reforms. China has retaliated with tariffs on USA imports.
The latest escalation in the trade conflict unfolded in May when the United States raised tariffs to 25 percent on Chinese imports worth $200 billion, to which Beijing responded by raising tariffs on U.S. products worth $60 billion.
China on Sunday rolled out revised negative lists for foreign investment market access, introducing greater opening-up and allowing foreign investors to run majority-share-controlling or wholly-owned businesses in more sectors.
Economists say Beijing's market-opening measures reflect growing confidence Chinese companies can compete and a recognition of the need for more competition.
That's despite a sustained economic support program that began early past year, ranging from higher infrastructure spending to tax cuts to a spate of measures aimed at keeping struggling smaller firms afloat.
While tit-for-tat U.S. -China tariffs are expected to hit Chinese export-oriented firms hardest, the PMI survey suggested orders from domestic customers cooled faster in June than new business from overseas.
Beijing has been counting on a strong services sector to pick up the slack as it tries to shift the economy away from a dependence on heavy industry and manufacturing exports.
La date du 15 juillet est évoquée: elle correspond à la deuxième session du Parlement européen , issu des élections de mai . Avant l'ouverture du conseil, le nom de Frans Timmermans , tenait le haut du pavé pour la présidence de la Commission.
In 24 minutes per game, Hood averaged 9.6 points per game and provided important relief for Damian Lillard and CJ McCollum. Now Hood will be paired with Bazemore for a Blazers team that hopes to remain among the elite of the Western Conference.
In the case of the USA and China , the two countries are attempting to navigate the ongoing trade war they are engaged in. That's a plus for the US because it brings money from China into our country and supports jobs for American workers.
According to a source, team president Steve Mills wants players who fit the bill of being able to tutor their young players. They went into this season with the expectation of signing Kevin Durant and Kyrie Irving to go alongside Zion Williamson.
It is great to be back, but for me right now it's [about] focusing on my first round, on the tournament. "Her technique is, like, flawless", Williams said, completmentary of the newly-minted World No.1.
The insurgents killed at least 25 members of a pro-government militia in an attack in northern Baghlan province on Saturday. Khalilzad said "steady, but slow progress" had been made in the last round of talks in May.
But the elder Bush, who died a year ago , visited the DMZ while serving as vice president under Reagan. North Korea launched two suspected "short-range missiles" in May that landed in the Sea of Japan.
Chicago Board of Trade (CBOT) September corn was down 19-1/4 cents at $4.26-1/2 per bushel at 12:29 p.m. The agency said soybean acreage in Kansas is estimated at 4.7 million acres, down 1% from past year .
Lil Nas X Seemingly Comes Out As Gay
As Pride Month draws to a close, Lil Nas X has made a decision to end things on a high note - by seemingly coming out as gay. Lil Nas X is already receiving support with several tweets lauding him his choice to come out publicly.