China non-manufacturing business activity index 50.2 in June, up 0.1 percentage
point from May, signaling a modest rebound. Services business activity index
rose to 50.4, up 0.1 ppt; telecom/broadcast & satellite transmission, internet
software & IT services, monetary financial services and insurance posted indices
above 55, indicating faster volume growth, while aviation and real estate
remained below the 50 threshold. Services business activity expectation index
increased to 56.0, up 0.6 ppt. Construction business activity index edged up to
49.0, up 0.2 ppt, with the construction expectations index at 51.1 remaining
expansionary.