Survey: Economy expands in June

China's manufacturing sector resumed its expansion in June, according to a key private survey, which analysts say tends to confirm stabilization in the world's second-largest economy despite some domestic financial tightening and unstable markets abroad.

The Caixin/Markit Manufacturing Purchasing Managers Index came in at 50.4, up from 49.6 in May, the fastest pace of growth in three months, according to survey results released on Monday.

A reading above 50 signals expansion, while one below 50 indicates contraction.