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Economic Watch: China's economic fundamentals point towards high-quality development
 
Date:2018-07-11  Source:Xinhua

Although China's growth data for the first half of the year is yet to be released, a glimpse into the positive changes in economic fundamentals showed China is moving steadily towards its goal of high-quality development.

With overall economic activity maintaining stable expansion and industrial and service production picking up pace, China's sound economic fundamentals once again dismissed some persistent doubts over the health of the world's second largest economy.

Official data showed the country's manufacturing purchasing managers' index (PMI) came in at 51.5 in June, above the boom-bust line of 50.

While the reading was lower than 51.9 in May, it surpassed an average of 51.3 for the first half of this year, indicating upward momentum, according to the National Bureau of Statistics (NBS).

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