Episode Details

China’s factories are rebounding, fueled by a surge in AI hardware exports that pushed manufacturing activity to 50.3 in June — up from 50.0 in May. New export orders climbed above 50, signaling renewed global demand, especially as U.S. retailers rush to stock up ahead of looming tariffs. Yet, the recovery is uneven: consumer goods lag, prices at factory gates continue to fall, and job cuts persist, leaving the broader economy still fragile and heavily reliant on tech-driven growth.

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