Chinese manufacturing activity expanded at its fastest pace this year in June, an official survey showed Tuesday, in a sign that Beijing's attempts to tackle slowing growth in the world's number two economy are gaining traction. The official purchasing managers index (PMI) hit 51.0 last month, the National Bureau of Statistics said in a statement. The figure is up from 50.8 in May and is the best since a similar reading in December. The index tracks manufacturing activity in China's factories and workshops and is a closely watched indicator of the health of the economy. A reading above 50 indicates growth, while anything below points to contraction. The result, however, was marginally below the median 51.1 forecast in a survey of eight economists by Dow Jones. Separately, a private survey published by British bank HSBC put China's PMI at 50.7 in June -- slightly below the preliminary reading of 50.8 released last month but well above May's 49.4. The expansion was the survey's first since December. Authorities have since April rolled out a series of measures to bolster growth, including tax breaks for small enterprises, targeted infrastructure outlays and incentives to encourage lending in rural areas and to small companies. "The continued recovery in manufacturing comes despite subdued property sales data for June," Julian Evans-Pritchard, China economist for Capital Economics, said in a report. "It therefore appears that the downwards pressure on the economy from the property sector is still being offset by the recent state-led rebound in infrastructure investment as well as healthy external demand." House prices in major Chinese cities fell for a second consecutive month in June, an independent survey showed Monday, providing more evidence of a deflating property bubble. The average price of a new home in 100 major cities was 10,923 yuan ($1,775) per square metre last month, down 0.50 percent from May, the China Index Academy (CIA) said in a regular monthly survey. The PMI data comes after China said earlier this year that economic growth for the first quarter of 2014 hit its weakest pace in 18 months. Gross domestic product grew 7.4 percent year on year in January-March, weaker than the 7.7 percent in October-December. The result was the worst since a similar 7.4 percent expansion in the third quarter of 2012. China in March set its annual growth target for this year at about 7.5 percent, the same goal as 2013. Officials including Premier Li Keqiang have been quick, however, to stress that the target is flexible -- seen as a hint it may not be achieved. China's leadership says it wants to make private demand the key driver for the country's economic growth, moving away from over-reliance on huge and often wasteful investment projects that have girded decades of expansion. Such a makeover is expected to result in growth that is slower but seen as more sustainable in the long run.
- Business Insider
Ex-official who investigated Hillary Clinton's emails said the documents recovered by the FBI at Trump's Mar-a-Lago were particularly 'stunning' and 'egregious'
"Whether this investigation transforms into an outright criminal prosecution remains to be seen," David Laufman said on CNN.
Trump sent cryptic message to Merrick Garland before warrant was unsealed: 'The country is on fire. What can I do to reduce the heat?'
Donald Trump reached out to Attorney General Merrick Garland before the warrant to search Mar-a-Lago was unsealed, The New York Times reported.
Trump's initially 'upbeat' mood about the FBI's Mar-a-Lago raid turned dark when GOP support began to wane, report says
Sources told The Washington Post that Trump initially believed that the FBI raid would benefit him as it would look like the DOJ had overreached.
The former president also slammed the FBI as "corrupt" for confiscating the material. Some of it was marked as classified and top secret, according to a warrant.
Mary Trump speculates that Jared Kushner could be the 'Mar-a-Lago mole' after reports say an informant close to Trump guided FBI agents to the documents
Sources told The Wall Street Journal and Newsweek that someone told the FBI about the documents at Mar-a-Lago and where they were stored.
Ex-White House chief of staff said Trump stashed records at Mar-a-Lago because 'he didn't believe in the classification system'
Trump has denied any wrongdoing by keeping White House records at his Mar-a-Lago resort, saying, "Everyone ends up having to bring home their work."
Ex-Clinton aide implies 'President of France' file found at Trump's home during Mar-a-Lago raid could be valuable to Putin as 'kompromat'
The FBI found "info re: President of France" during the Mar-a-Lago raid. In a tweet, Jennifer Palmieri implied it could be used as "kompromat."
Trump goes on Truth Social rampage, sharing over a dozen posts, including from accounts with QAnon references
Accounts Donald Trump reposted included references to QAnon, the Pepe the Frog hate symbol, and debunked conspiracy theories about the FBI.
- The Daily Beast
via TwitterA Pennsylvania man who allegedly plowed his blue Honda Accord into a crowd of mourners late Saturday, killing one and injuring 17 others, before murdering his own mother, allegedly told cops he did so because he was tired of fighting with his mom over money.State troopers said that at about 6:30 p.m. Saturday, Adrian Oswaldo Sura Reyes, 24, drove into a group of about 75 people who were attending a daylong community benefit in Nescopeck to raise funds in the wake of a horrific house f
Former GOP advisor says Trump has to be charged or Garland must resign after Mar-a-Lago raid: 'There's no going back now'
"This can only end in one of two ways: he's got to be indicted or Merrick Garland has to resign," conservative commentator Scott Jennings said.
Rep. Adam Schiff said the seizure of Rep. Scott Perry's phone suggests the Justice Department thinks Trump team's alternate electors plot was a crime
Perry, an ally of former President Donald Trump, is a key figure in the DOJ investigation into the efforts to overturn the 2020 election.
Trump's lawyer signed a statement months ago saying all classified documents had been turned over, report says. The FBI found more during its raid on Mar-a-Lago.
The FBI recovered 11 boxes of classified materials from Mar-a-Lago, but the NYT reported Trump's lawyer said in June all of them had been returned.
A group that wants to eliminate nuclear weapons says the FBI's seizure of documents at Mar-a-Lago highlights vulnerabilities in global security: 'We really have no idea what was going on inside Trump's head'
On Monday, federal agents found 11 sets of classified documents after searching former President Donald Trump's Mar-a-Lago residence.
Rand Paul calls for repeal of Espionage Act amid DOJ investigation into Trump taking classified documents to Mar-a-Lago
The DOJ is investigating if Donald Trump broke the Espionage Act. But Rand Paul, a GOP senator, wants it repealed, he said Saturday.
- Country Living
Singer Shania Twain stunned fans when she returned to her home country of Canada to close out the Boots & Hearts Music Festival in a youthful mini dress.
- The Daily Beast
The contentious interview was Ohio Rep. Mike Turner’s second on CNN this week.CNNRep. Mike Turner (R-OH) demanded to know Sunday whether the boxes former President Donald Trump allegedly brought to Mar-a-Lago were actually classified, arguing that only seeing the top secret documents would prove whether the FBI needed to raid Trump’s Sunshine State estate.Not that Turner would ever need to worry, because he says he doesn’t take classified documents home.“Do you take home documents marked special
Trump's latest defense for Mar-a-Lago documents is everyone 'brings home their work from time to time' and the files were automatically declassified
Trump's statement on the Mar-a-Lago documents was featured on Fox News. He claimed a "standing order" declassified files "the moment" they left the Oval Office.
- The Hollywood Reporter
Robyn Griggs, known for her roles on soap operas Another World and One Life to Live, has died. She was 49. The actress’ passing was announced on her Facebook page Saturday. She had been battling cervical cancer and was open about her health struggles on social media, with Griggs posting last month that she had been diagnosed […]
The far right is calling for civil war after the FBI raid on Trump's home. Experts say that fight wouldn't look like the last one.
"People's sense of the civil and civic ways of resolving disputes" is "out the window," Fiona Hill told Insider, warning of the potential for "civil conflict."
- The Root
After a midsummer meeting in June 2021, newly hired police chief RaShall Brackney felt the need to double down on her personal safety, unholstering her gun as she left headquarters. Brackney’s fear however was not prompted by the activity on the streets, or even the ongoing public threats made against the police department over the years. Instead, she found herself afraid of her own subordinates, cops who wanted her gone after making some controversial, yet necessary shake ups throughout the for