(MENAFN) According to newly published data, China's manufacturing business activity remained stable in June, with an important index staying in expansion territory, Xinhua reported.
The manufacturing purchasing managers' index (PMI), a key measure of factory activity in China, posted 50.2 in June, unchanged from last month, according to the National Bureau of Statistics (NBS).
As a sign of successful economic restructuring, growth of high-tech and consumer products manufacturing continued to beat overall manufacturing, while high energy-consuming industries saw slower growth.
"However, it is likely that more stimulus measures will be required to ensure that the sector regains growth momentum and to encourage job creation," an economist said in a note accompanying an HSBC release.
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