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2nd Jun 2025 17:27China+Daily Monitor

  • China’s May manufacturing PMI readings diverged, as activity gradually revived post-May 12’s tariff truce.
  • Small exporters are likely being hit harder by the trade-policy oscillations, and the détente is already fraying.
  • Sentiment has held up surprisingly well, and improved slightly in both manufacturing gauges.

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Keywords for: 4 June 2025 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence