The RatingDog China Manufacturing PMI edged down to a three-month low of 51.7 in June from 51.8 in May, but came in slightly above market forecasts of 51.6. Despite the minor dip, the index remained well above its long-run survey trend of 50.8 since 2004, capping off the manufacturing sector's strongest quarter since late 2020. RatingDog Founder Yao Yu noted that the sector maintained steady expansion in June, supported by sustained new order growth, easing cost pressures and improved labour market conditions, though persistent external demand contraction and softening business sentiment remain risk factors. Following the release, the Shanghai Composite edged up 0.1% to 4,098 and the Shenzhen Component gained 0.6% to 16,303, while the offshore yuan weakened slightly to around 6.79 per dollar.