China's factory activity likely returned to meagre growth in June: Reuters poll

BEIJING, June 29 (Reuters) - China's factory activity likely returned to growth in June, albeit by the slimmest of margins, as the world's second-largest economy struggles for momentum despite strong ‌demand for high-tech exports to feed the global AI boom.

A Reuters poll of 23 ‌economists forecast the official purchasing managers' index (PMI) would rise to 50.1 from May's 50.0, just above the 50-point threshold that separates ​growth from contraction. The data is due on Tuesday.

Why is domestic demand struggling in China?

How is AI demand affecting China's exports?

What challenges face China's economic recovery?

What's driving China's marginal factory activity growth?

A surge in global AI investment has helped the world's top manufacturer offset the export hit many had expected from the Middle East turmoil. But signs are emerging that stockpiling linked to higher energy costs is fading, with prices rising and overseas buyers starting to ‌run down inventories. Domestic demand, meanwhile, ⁠remains in the doldrums.

The Economist Intelligence Unit returned the highest forecast of 50.4, while Moody's Analytics responded with the lowest reading of 49.7.

"We spotted trade frontlo

Fuente original: Yahoo Finance (https://finance.yahoo.com/economy/articles/chinas-factory-activity-likely-returned-033514470.html)