China manufacturing loses momentum in June: govt

Activity growth in Chinese factories slowed to zero in June, an official index showed Friday, as weak demand and industrial overcapacity weighed on the world's second-largest economy. The official Purchasing Manager's Index (PMI), which tracks activity in the country's factories and workshops, came in at 50.0, according to the National Bureau of Statistics (NBS). "It is noteworthy that the current domestic market demand remained weak and real economy momentum was still insufficient," Zhao Qinge,