The index rose to 54.5 in June, signalling the fastest growth since July last year and the first expansion since February
In June, President Joe Biden twice said US gross domestic product growth this year would overtake China's for the first time since 1976
Relaxed Covid rules and economic support statements are reversing earlier outflows from China's equity markets.
The standard is higher than the previous 28.8% set in 2020, according to the National Development and Reform Commission (NDRC)
Yuan's trade-weighted CFETS basket index rose to 106.07, the highest level since the index was introduced in early 2015, according to a calculation based on official data