AI Data Insight
Latest data shows that China's manufacturing small enterprise PMI in Q2 2026 (June) dropped to 48.2, down 0.3 percentage points from the previous 48.5, remaining in the contraction zone. Although the overall manufacturing sector has returned to expansion driven by exports and the AI boom, the recovery of small enterprises still lags behind, reflecting challenges such as weak domestic demand and an uneven production and demand structure.