AI Data Insight
China's newly released large enterprise manufacturing PMI for the second quarter of 2026 dropped to 50.7, retreating from the previous reading of 51.1, but remained above the 50 boom-or-bust line. External data indicates that the overall manufacturing sector is facing pressure from contracting new export orders and rising costs, with large enterprises demonstrating relative resilience. Challenges from geopolitics and weak domestic demand persist in the short term, and subsequent attention should be paid to whether policy stimulus can effectively support growth momentum.