China's July manufacturing activity contracts more than expected — declines for fourth-straight month
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最新报道：China's manufacturing activity contracted for the fourth consecutive month in July, with the official Purchasing Managers' Index (PMI) dropping to 49.2, below the 50-point mark separating expansion from contraction and missing economists' expectations of 49.5. The non-manufacturing PMI also declined to 53.8 from June's 54.2, signaling slower growth in services and construction sectors. Analysts attribute the continued weakness to sluggish domestic demand, global economic uncertainties, and ongoing property market troubles, raising concerns about China's economic recovery momentum.
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