US financial network; framed the beat as driven by AI export demand sustaining high-tech manufacturing even as broader domestic demand remained weak
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CNBC · United States · China's June manufacturing PMI rises to 50.3, high-tech sector leads third straight month of expansion
Reported the 50.3 print beat the 50.1 forecast and marked the third straight month of expansion, attributing the outperformance to strong high-tech export orders linked to global AI investment, while noting that broader domestic consumption and employment remained subdued.
“China's official manufacturing PMI beat forecasts in June, boosted by strong demand for high-tech exports amid the global AI boom.”