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China’s economy facing increasing pressure as semiconductor, coal, power shortages weigh heavy

Summary:
[unable to retrieve full-text content]Increased downwards pressure is expected to descend on China’s economy in the second half of the year, economists said, after leading indicators pointed towards an overall softening of business activity.China’s official manufacturing purchasing managers’ index (PMI) eased for the third straight month to 50.9 in June from 51.0 in May, while the non-manufacturing reading dropped to 53.5 from 55.2, according to the National Bureau of Statistics (NBS) on Wednesday.Both readings hit four-month lows,…

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[unable to retrieve full-text content]
Increased downwards pressure is expected to descend on China’s economy in the second half of the year, economists said, after leading indicators pointed towards an overall softening of business activity.China’s official manufacturing purchasing managers’ index (PMI) eased for the third straight month to 50.9 in June from 51.0 in May, while the non-manufacturing reading dropped to 53.5 from 55.2, according to the National Bureau of Statistics (NBS) on Wednesday.Both readings hit four-month lows,…

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