AI Data Insight
China's manufacturing PMI for medium-sized enterprises rebounded sharply to 50.5 in June 2026 (Q2), successfully reversing the previous contraction trend of 48.6 and returning above the boom-or-bust line. The overall manufacturing PMI also rose to 50.3, beating consensus, primarily benefiting from the AI high-tech export boom and the impact of local infrastructure policies. Although large and medium-sized enterprises performed outstandingly, the weakness in small enterprises and real estate headwinds remain hidden concerns for the subsequent economic recovery.