The Chinese economy continues to show signs of weakness
Industry continues to slow, and domestic demand has yet to recover.
The Chinese market remains moderately bearish. Despite some occasional sales rebounds—such as the one following the Long Boat Festival—demand remains weak, especially in key sectors such as tires.
The PMI for industrial activity fell again in June, primarily affected by the drop in import orders. Combined with high inventory levels, this limits the prospects for a sustained recovery in the short term.