Experts say a key factor determining the dynamics between Brussels and Beijing is Europe’s underlying concern over China’s threat to the EU’s manufacturing prowess
Hopes for a long-awaited recovery of factory activity in Europe’s manufacturing powerhouse were uplifted this week as a key indicator of the sector’s health surged to a 34-month high in Germany.
But the fact that the country’s manufacturing purchasing managers’ index for June still remained at 49.0 – when a reading below 50 suggests a contraction in the sector – underscores the uphill challenge that Germany is facing in trying to regain growth and past glory in its manufacturing activities.
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