traction, according to the median forecast of 30 economists polled by Reuters on Monday. A reading below 50 indicates contraction from the previous month, above 50 expansion.
The commercial hub of Shanghai, located at the heart of manufacturing in the Yangtze River Delta, is taking gradual steps towards ending a prolonged city-wide lockdown on June 1. Tesla added a second shift at its Shanghai plant on Thursday, heading towards making 2,600 cars daily. China's economy still faces downward pressure in the second quarter, with problems in the property sector and some places still stuck in lockdown.
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