National Bureau of Statistics data show China’s non-manufacturing business activity index rose to 50.2 in June, up 0.1 ppt from May, indicating a modest rebound. By sector, construction was 49.0, up 0.2 ppt, and services 50.4, up 0.1 ppt. Within services, telecom/broadcasting/satellite transmission, internet software and IT services, monetary and financial services, and insurance recorded activity indexes above 55.0; air transport and real estate remained below the 50 threshold.