A batch of excavators is being prepared for export at a port in Yantai, China, on June 2, 2024. Data released on May 31, 2024, by the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing shows that in May 2024, the equipment manufacturing PMI (purchasing managers' index) is 50.7%, down 0.6 percentage points from the previous month. (Photo by Costfoto/NurPhoto/Rex Features/Shutterstock)
