Survey: China’s factory activity declines in June

BEIJING (AP) — China’s factory activity contracted in June, adding to pressure on Beijing to shore up economic growth amid a costly tariff war with Washington.
A monthly index released Sunday by an official industry group, the China Federation of Logistics & Purchasing, held steady at the previous month’s level of 49.4 on a 100-point scale on which readings below 50 show activity contracting.
“Downward pressure on the economy is still relatively prominent,” said